Tuesday, November 4, 2008

PMI Group Losses Worse Than Expected

By Chris Thompson
Tue, Nov 4, 2008 at 5:25 PM

The big Walnut Creek mortgage insurer PMI Group, which took a 17 percent tumble the last time Wall Street panicked, sure proved investors right yesterday. According to the San Francisco Business Times, the company posted a $229.4 million quarterly loss, a tick more than Wall Street analysts had projected.

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