Private MIs’ Bumpy Ride Continues in 2010 as Mortgage Industry Woes Linger, Analysts Say
February 4, 2010
The private mortgage insurance industry’s roller-coaster ride is expected to continue in 2010, propelled by rising mortgage delinquencies, unemployment, increased foreclosures, more policy rescissions and with a few bright spots due to ongoing loan modification efforts. Analysts at Keefe, Bruyette & Woods and Fitch Ratings are less than optimistic in their outlook for...