In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Monday, March 17, 2008

PMI: $1.01 Billion Loss

by Calculated Risk on 3/17/2008 09:22:00 AM

From the WSJ: PMI Posts $1.01 Billion Loss Amid Housing, Credit Woes

PMI Group Inc. swung to a fourth-quarter loss as the company recorded huge losses due to its stake in Financial Guaranty Insurance Co., as well as losses at its U.S. mortgage insurance operations amid turmoil in the housing and credit markets.
The confessional will be busy again this week.