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Real Estate & Property Law

: Housing Wire

Losses Widen at Triad, as Paid Claims Jump

By PAUL JACKSON

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Mortgage insurer Triad Guaranty Inc. (TGIC: 0.6999 -13.59%), who put its portfolio into run-off in July after ratings downgrades, said Monday evening that it lost $160.1 million during the third quarter, or $10.69 per share. The loss came amid rising delinquencies and increasing paid claims on mortgages the company had insured; net paid claims rose [...]

Full post as published by Housing Wire on November 11, 2008 (boomark / email).

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