PMI Group under severe financial stress: CreditSights

Mortgage insurer The PMI Group (PMI: 0.232 -10.77%) is under severe financial stress with the company's balance sheet deteriorating as it pays claims while banned from writing new business, according to research and analytics firm CreditSights. "Over the next several quarters we see meaningful default risk," CreditSights analysts said in a report. The firm said PMI [...]...