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Mortgage insurer Triad Guranty (TGIC.OB -55%) filed for Chapter 11 bankruptcy yesterday,...

Mortgage insurer Triad Guranty (TGIC.OB -55%) filed for Chapter 11 bankruptcy yesterday, according to court documents. Coincidently, Radian (RDN) CEO S.A. Ibrahim is currently holding a "fireside chat" at the KBW Mortgage Conference, pleased with FHA's plan to pull back from the market and confident about Radian's ability to compete with new entrants into the industry.
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  • jnivard
    , contributor
    Comments (3) | Send Message
     
    A positive senerio for Triad Guaranty Inc is possibly!
    1-The outcome of the lawsuit Countrywide Home Loans Inc. has reached a very positive result for Triad Guaranty Inc. This money is used to pay a large part of the existing claims. The new director of the illinioss department was briefed at the end of 2012 of the outcome
    2-Using this this money Tiad will be able to runoff and pay all the holders and come in a positive end result
    3-Triad guaranty inc is able to make a restart using the NOL

     

    This scenario can be negotiated between the parties
    4 Jun 2013, 12:01 PM Reply Like
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