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Home » Store » News » Class Action Suits, State Actions Threaten Private MIs’ Earnings

Class Action Suits, State Actions Threaten Private MIs’ Earnings

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Ongoing litigation and state regulatory risks are threatening to cut into private mortgage insurance companies’ bottom lines and reduce shareholder earnings, according to the latest MI financial statements filed with the Securities and Exchange Commission. The documents show that three of the four publicly held MI companies – Mortgage Guaranty Insurance Corp., Radian Group, Inc. and PMI Group – are at risk for millions of dollars in different class actions alleging violations of the
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