Industry News

Fitch warns of mounting losses at mortgage insurers

MGIC, PMI, Radian must raise capital or face downgrades
Published on Feb 25, 2008

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by CareyBot

Analysts at Fitch Ratings warned today of possible downgrades to the ratings of private mortgage insurers MGIC Investment Corp., PMI Group Inc. and Radian Group Inc., saying the companies may not return to profitability until 2010 and will have to ...