Friday May 11 | Business Journal
Losses mount at Triad Guaranty
Triad Guaranty lost $37.7 million in the first quarter, compared to a loss of $60.9 million in the fourth quarter.
Triad Guaranty, a Winston-Salem mortgage insurer that gave up selling new policies during the housing crash and is now only servicing old policies, lost $60.9 million in the fourth quarter.
Triad Guaranty Inc. Reports Third Quarter Results
SALEM, N.C., Nov. 11, 2011 /PRNewswire/ -- Triad Guaranty Inc. today reported a net loss for the quarter ended September 30, 2011 of $37.5 million compared to a net loss of $4.4 million for the second quarter of 2011 and net income of $54.0 million for the third quarter of 2010.