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.
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 .
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.
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 ...
Cameron named general counsel at PMI
The PMI Group Inc. has named Andrew Cameron group senior vice president, general counsel and secretary.
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 ...
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 ...
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.
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 ...
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.
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 ...
QBE Insurance Group, Australia's biggest casualty insurer, agreed to buy the domestic and Asian mortgage insurance units of PMI Group Inc.
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.
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.
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.
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.
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.
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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 ...
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 ...