TARP Money Could Bring Some Relief but Not Enough to Protect MIs from Future Losses
February 26, 2009
A capital infusion from the Troubled Asset Relief Program could provide temporary relief to private mortgage insurers and stabilize current MI ratings, but not enough to stave off coming losses, according to analysts. Industry analysts remained cautious even as Federal Housing Finance Agency Director James Lockhart’s vocal support for TARP funding for the private MI industry continued to...