TGIC is defunct.
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Jun. 4, 2013, 10:24 AMMortgage 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. | Jun. 4, 2013, 10:24 AM | 1 Comment
Jun. 27, 2011, 3:46 PMMortgage insurers are off sharply following a Barron's article saying they are severely undercapitalized to meet claims they are likely to face over the next two years. Should their risk/capital ratios rise much more, state regulators would no longer allow them to write new business, i.e. game over. MTG -4.3%, PMI -5.7%, RDN -3.1%. | Jun. 27, 2011, 3:46 PM | 1 Comment
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