PMI Lists $737 Million of Unsecured Debt in Bankruptcy Filing

In a worst case scenario investors in bonds issued by The PMI Group could lose upwards of $737 million because the notes are considered “unsecured” according to court papers issued in the mortgage insurer’s bankruptcy filing.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_486/pmi-unsecured-debt-bankruptcy-filing-1027652-1.html

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