With investors showing renewed confidence, Genworth Financial is ready to move forward with plans to sell part of its mortgage insurance subsidiary in an initial public offering
The company cited volatility in trading of mortgage insurance companies as the reason for delay
After throwing in the towel on a $2.7 billion merger, Genworth Financial is considering spinning off its mortgage insurance division
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Customers can now order PMI directly from loan origination system
PMIC was ordered to stop writing new policies in August
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PMI, Radian, Genworth reach out to troubled borrowers
Mortgage insurer struggles to keep ratings
MGIC, Radian, PMI downgraded by Standard & Poor's
Mortgage insurer latest to tighten underwriting standards