Genworth Can’t Get Under the TARP, Increasing Uncertainty over the Private MI Industry’s Future
April 16, 2009
The business environment for Genworth Financial took a turn for the worst last week when the private mortgage insurer announced it would not be able to get a capital infusion from the federal government’s Troubled Asset Relief Program. The development cast additional uncertainty on the future of the MI business and stoked some anxiety about the viability of...