Industry News

AIG’s exposure to subprime investments limited

Mortgage lender/insurer says downturn cutting into profits
Published on Aug 9, 2007

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American International Group Inc. — which originates and insures mortgages, and is also a major investor in mortgage-backed securities — says the downturn in U.S. housing markets is hurting its business, but that the company’s exposure to subprime investments is ...

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