Industry NewsMortgage

Private mortgage insurers lose ratings required by Fannie, Freddie

MGIC, Radian, PMI downgraded by Standard & Poor's
Published on Apr 9, 2008

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by CareyBot

Worries about rising unemployment and falling home prices prompted Standard and Poor's analysts to downgrade the financial strength ratings of three companies that provide most of the private mortgage insurance for loans purchased by Fannie Mae and Freddie Mac.