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Pmi Group Inc News

News on Pmi Group Inc continually updated from thousands of sources around the net.

Friday Aug 29 | SmartMoney

Mortgage Insurers Report More Defaults

The largest mortgage insurers reported that mortgage defaults rose 1.4% in July after falling the two prior months.

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Related Topix: Home, Mortgage, Personal Finance, Insurance, American International Group

Friday Aug 29 | The South Mississippi Sun Herald

PMI Reaches Agreement for Sale of Asia Operations to QBE

The PMI Group, Inc. today announced that it has signed a definitive agreement with QBE Insurance Group Limited for the sale and transfer of its Asia operations .

Comment?

Related Topix: Insurance, Personal Finance, Mortgage

Tue Aug 26, 2008

The South Mississippi Sun Herald

PMI's Claims-Paying Resources Unaffected by S&P's Actions

The PMI Group, Inc. today announced that Standard & Poor's lowered the insurer financial strength ratings of PMI Mortgage Insurance Co.

Comment?

Related Topix: Insurance, Personal Finance, Mortgage

Wed Aug 20, 2008

MarketWatch

Auction-rate settlements lift mortgage and bond insurers

Shares of PMI Group Inc rose more than 50% Thursday lifting rivals in the private mortgage insurance business and insurers of municipal bonds and credit derivatives also rallied as the market reckoned that ...

Comment?

Related Topix: Home, Mortgage, Personal Finance, Insurance, Financial Markets

Mon Aug 18, 2008

East Bay Business Times

Cameron named general counsel at PMI

The PMI Group Inc. has named Andrew Cameron group senior vice president, general counsel and secretary.

Comment?

Related Topix: Insurance

Sacramento Bee

Speed of home price declines begins to taper off a bit

Don't break out the party hats yet, but here's something to grab hold of about the beginning of the beginning of the end of all this: It's from a quarterly review by PMI Mortgage Insurance in Walnut Creek: "For ...

Comment?

Related Topix: Housing, Mortgage, Home, Insurance

Sat Aug 16, 2008

Commercial Property News

PMI to Sell Australian Operations to QBE Insurance for $920M

Aug 15, 2008 By: Gail Kalinoski, Contributing Editor Just one week after stating its Australian operations were delivering solid results, The PMI Group, a mortgage insurance company, announced today it has ...

Comment?

Related Topix: Insurance, Foreclosures, Home, Mortgage, Personal Finance

Fri Aug 15, 2008

SmartMoney

Bond, Mortgage Insurers Extend Rally

Shares of Ambac Financial Group Inc. rose sharply Friday morning after a ratings agency affirmed its view on the bond insurer and removed the ratings from review for a possible further downgrade.

Comment?

Related Topix: Insurance, Ambac Financial Group, Home, Mortgage, MBIA, Financial Markets

East Bay Business Times

PMI soars on $920M sale of Australian subsidiary

Shares of The PMI Group Inc. soared Thursday after the company said it agreed to sell its Australian mortgage insurance subsidiary and related Australian holding company to QBE Insurance Group Ltd., Australia's ...

Comment?

Related Topix: Insurance, Home, Mortgage, Personal Finance

Thu Aug 14, 2008

Inside Bay Area

PMI share surge on overseas asset sale

QBE Insurance Group Ltd. agreed to buy Walnut Creek-based PMI Group Inc.'s Asian and Australian businesses for $896 million, a week after the U.S. mortgage insurer posted a fourth consecutive quarterly loss.

Comment?

Related Topix: Insurance, Walnut Creek, CA, Mortgage, Personal Finance

Insurance Journal West

PMI Group to Sell Australian Operations to QBE

The California-based PMI Group announced that it has entered into a definitive agreement to sell its Australian mortgage insurance subsidiary and related Australian holding company to QBE Insurance Group ...

Comment?

Related Topix: Personal Finance, Mortgage, Insurance

The Age

QBE buys PMI units for $1b

QBE Insurance Group, Australia's biggest casualty insurer, agreed to buy the domestic and Asian mortgage insurance units of PMI Group Inc.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Insurance, Foreclosures

Mon Aug 11, 2008

MarketWatch

Radian reports quarterly loss; capital plan lifts shares

Radian Group reported a $392.5 million net loss on Monday, but shares of the mortgage insurer climbed after Chief Executive S.A. Ibrahim said there's no immediate need to raise capital.

Comment?

Related Topix: Insurance, Radian Group, Home, Mortgage, Personal Finance

Fri Aug 08, 2008

Contra Costa Times

PMI shares fall 23 percent on big loss

PMI Group Inc., the second-largest U.S. mortgage insurer based in Walnut Creek, dropped a record 23 percent after posting a fourth consecutive quarterly loss on surging claims.

Comment?

Related Topix: Foreclosures, Home, Mortgage, Personal Finance, Insurance

Thu Aug 07, 2008

Housing Wire

Paid Claims Swamp PMI Group in Second Quarter

The PMI Group, Inc. found itself hit with a swarm of paid claims as the number of borrowers defaulting on their mortgages continued to climb during the second quarter.

Comment?

Related Topix: Walnut Creek, CA, Insurance, Home, Mortgage, Personal Finance

East Bay Business Times

Mortgage insurer PMI swings to $246M Q2 loss; shares fall

Shares of PMI Group Inc. tumbled Thursday after the big mortgage insurer swung to a quarterly loss on continued woes in its U.S. mortgage insurance business.

Comment?

Related Topix: Mortgage, Personal Finance, Home, Insurance

Fri Aug 01, 2008

Ledger Dispatch

Eagle Scout

Brendan David Wood, the son of Jane and Jim Wood of Martinez, has earned the rank of Eagle Scout, which was presented in June 1 Court of Honor ceremonies at the PMI Plaza in Walnut Creek.

Comment?

Related Topix: Martinez, CA, Insurance

Wed Jul 30, 2008

Fool.com

Ambac Financial Will Burn Your Portfolio

Avoid the need to hose down your holdings! Read our special series on stocks that will burn your portfolio.

Comment?

Related Topix: MBIA, Insurance, Ambac Financial Group, Berkshire Hathaway

Earth Times

Zacks Analyst Interview Highlights: Fannie Mae, Freddie Mac, PMI Group and MGIC

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=2678 . Now that there has been some time to assess the fate of Government Sponsored ...

Comment?

Related Topix: Mgic Invt Corp Wis, Insurance, Freddie Mac, Financial Services, Fannie Mae, Mortgage, Personal Finance

Sat Jul 26, 2008

Market Watch

Mortgage insurers rise on lawmakers' housing plan

Shares of mortgage insurer PMI Group Inc. were among the biggest gainers on the NYSE late Wednesday morning on news that lawmakers are preparing to vote on a package to help homeowners and support ...

Comment?

Related Topix: Home, Mortgage, Personal Finance, Insurance, Financial Services, Fannie Mae

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