Industry News

PMI Group posts $87 million Q3 loss

Claims, losses outweigh 20% increase in revenue
Published on Oct 31, 2007

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by CareyBot

Mortgage insurer PMI Group Inc. said Tuesday it lost $86.8 million during the third quarter as the company boosted revenue but saw paid claims, loss adjustments and reserves for losses grow to $372 million. In U.S. mortgage insurance operations, revenues ...