Private MIs Make Case for U.S. Capital Infusion on Capitol Hill, Say Industry Doesn’t Pose Systemic Risk
June 18, 2009
Private mortgage insurers could use a $10 billion capital infusion from the U.S. government to bolster their ability to insure an additional 6 million mortgages, according to an industry official testifying on Capitol Hill this week for the Mortgage Insurance Companies of America. Teresa Bryce, president of Radian Guaranty Inc., told the House Financial Services Subcommittee on...