The latest news on the Surety & Title Insurance industry from Yahoo! Finance
http://finance.yah...retyTitleInsurance
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The PMI Group, Inc. today announced that Moody's Investors Service lowered the insurer financial strength ratings of PMI Mortgage Insurance Co. to A3 from Aa2.
Read PMI's Claims-Paying Resources Unaffected by Moody's Action (PR Newswire) (Links)
Fitch Ratings on Wednesday put title insurer Fidelity National Financial Inc. on its negative rating watch list, citing the unsustainability of the company's shareholder dividends.
Read Fidelity placed on negative rating watch list (AP) (Links)
Read Merrill, Citi Cut By Oppenheimer's Whitney (at TheStreet.com) (Links)
Bond insurer Ambac Financial Group Inc. said Monday that after discussions with the Office of the Commissioner of Insurance in Wisconsin, it is hopeful it will be able to fund its municipal bond insurance unit Connie Lee.
Read Ambac seeks approval to fund Connie Lee unit (AP) (Links)
Read Radian replaces president at principal subsidiary, shares rise again (at bizjournals.com) (Links)
Radian Group appoints a new president and makes several other management changes as the mortgage insurer tries to recapture a crucial credit rating that it lost earlier this year.
Read Radian shares surge more than 50%; insurer shuffles management (at MarketWatch) (Links)
Read MGIC shareholders OK increasing number of authorized shares (at MarketWatch) (Links)
Read Holzer Holzer & Fistel, LLC Announces That a Shareholder Class Action Has Been Filed on Behalf of Purchasers of First American Corporation Securities (NYSE: FAF) (Marketwire) (Links)
Piper Jaffray lowered its earnings estimates on two major title insurers, citing the persistent decline of the U.S. housing market.
Read Piper Jaffray cuts estimates on title insurers (AP) (Links)
First American CoreLogic, a member of The First American Corporation family of companies and a leader in residential mortgage data and analytics for the mortgage industry and Wall Street, today announced the release of its April 2008 LoanPerformance Home Price Index .
Read First American CoreLogic Releases April 2008 LoanPerformance House Price Index (PR Newswire) (Links)
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