Despite Industry Uncertainty, New Private MI Finds Opportunity in the Financial Turmoil
August 6, 2009
As private mortgage insurers reel from mounting losses and skyrocketing defaults, a new company in Radnor, PA, is gearing up to write and service new mortgage insurance policies – a new entrant that could relieve pressure on other capital-starved MIs to do new business. The new kid on the MI block, Essent Guaranty, Inc., has been approved by the Pennsylvania Insurance Department and...