WWW.PENNYSTOCKCROWD.COM HAS PPMIQ ON ALERT !! ALL WEEK THIS COMPANY HAD GREAT GAINS !!! WE GAVE IT TO YOU AT .03 NOW TRADING AT .09 !! IS IT FOLLOWING FNMA?? READ THE BUSINESS SUMMARY..MORTGAGE INSURANCE.... Business Summary The PMI Group, Inc., through its subsidiary, PMI Mortgage Insurance Co., provides residential mortgage insurance products to mortgage lenders and investors in the United States. The company offers various mortgage insurance products to meet the capital and credit risk mitigation needs of mortgage lenders and investors that protect them in the event of borrower default by reducing or eliminating the resulting credit loss to the insured institution. Its products include primary mortgage insurance that provides the insured with mortgage default protection on individual loans at specified coverage percentages; and modified pool insurance products primarily to the GSEs for regulatory capital relief or the reduction of mortgage default risk. The company, through its joint venture, CMG Mortgage Insurance Company, also provides mortgage insurance for loans originated by credit unions. Its customers include mortgage lenders, depository institutions, commercial banks, and investors, including the GSEs. The company markets its products directly through its sales force. The PMI Group, Inc. was founded in 1972 and is headquartered in San Ramon, California. On November 23, 2011, PMI Group Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware..
Posted on: Sat, 01 Jun 2013 16:23:05 +0000
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