Business
Allstate Corp. said Tuesday that it plans to sell its mortgage insurance subsidiary in an initial public stock offering to focus better on its core property, casualty and life insurance businesses.
Jan. 18, 1995
The sale to PMI Group reflects the company’s strategy of shedding slow-growth businesses.
Aug. 5, 2003
PMI Mortgage Insurance Co., part of PMI Group Inc., said it has been named as a defendant in a federal lawsuit for allegedly violating part of a federal real estate settlement law.
Dec. 25, 1999
Fairbanks Capital Holding Corp., a loan-servicing unit of Walnut Creek, Calif.
Nov. 13, 2003
Mortgage insurer MGIC Investment Corp. and rival Radian Group Inc. said Wednesday that they were abandoning plans to combine the companies, citing troubles in the mortgage industry.
Sept. 6, 2007
Defaults on privately insured U.S. mortgages rose 35% in November to a record, an industry report showed Monday, adding evidence about the depth of the U.S. housing slump.
Jan. 1, 2008
California-based firms ranked by dollar amount of offering. *--* Rank Company Offering ($ millions) 1 PMI Group 731 2 Oakley Inc. 230 3 Netscape Communications Corp. 140 4 Pixar 132 5 Diamond Multimedia 111 6 Total Renal Care 93 7 Sync Resh Inc. 79 8 Sola Intl.
May 7, 1996
CHICAGO -- It’s probably fair to say that a lot of home-sellers can’t remember much about the housing market before this decade’s big boom.
Oct. 21, 2007
Many homeowners are saving thousands of dollars thanks to new rules that make it easier to get rid of private mortgage insurance.
May 19, 2000
Politics
A consensus legislative solution to one of the hottest consumer controversies of 1997--widespread overpayment of private mortgage insurance premiums by unsuspecting homeowners--emerged on Capitol Hill recently.
March 30, 1997