News, insurance
S&P Places 7 Mortgage Insurers on CreditWatch (Financial Planning.com)
November 2, 2009 by admin · Leave a Comment
The mortgage insurance industry continues to face significant challenges during 2009, according to Standard & Poor’s. The rating agency believes that the macroeconomic environment may be having an increasingly negative impact on the prime mortgage insurance books, suggesting an elongation of the loss cycle beyond S&P’s prior expectations.
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S&P Places 7 Mortgage Insurers on CreditWatch (Financial Planning.com)