PMI Loses $135 Million in Second Quarter

PMI Group, Walnut Creek, Calif., lost $135 million in the second quarter, but it could have been worse if the company was not able to record a $151 million gain on sale (net of tax) as it was finally able to recognize the note associated with the sale of its Australian mortgage insurance operations.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_403/pmi-loses-135-million-2q-1025985-1.html?CMP=OTC-RSS

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