Arizona: PMI Had $320 Million Deficit

Arizona regulators said the primary mortgage insurance subsidiary of The PMI Group, Walnut Creek, Calif., had a $320 million deficit in its policyholder position and that was one of the factors which led to the decision to appoint a supervisor over the company’s operations.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_415/ariz-pmi-320mm-deficit-1026244-1.html?CMP=OTC-RSS

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