Insurance
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Genworth’s MI Segment Loses $134m
Jul 31, 2009Genworth Financial’s [stock GNW][/stock] mortgage insurance operation lost $134m in Q209 amid an environment of high mortgage defaults, and revenue from the rest of the company’s insurance operations could not make up for the loss. Overall, the firm lost $50m in the quarter ($0.11 per share), a relative improvement over the company’s $109m loss in Q208. Genworth’s US mortgage insurance sector took a hard hit as it continued to incur losses, despite increasing loss mitigation efforts, which saved the company $188m.
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Fidelity Profits Soar on Title Insurance Boom
Jul 30, 2009 -
Appraisal, Default Services Push First Am’s Profits
Jul 30, 2009 -
OCC Sees Banks Tighten Underwriting Standards
Jul 22, 2009 -
Mortgage Insurance Losses Narrow to $1.9bn
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Title, Settlement Services Target Online Transactions
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Underwriting Solution Measures Collateral Risk
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PMI Rating Rallies from Junk
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AIG Names Inside Hire to Head Mortgage Insurance Unit
Jun 02, 2009
