It has been brought to INN’s attention the October 30 story “S&P Places 7 Mortgage Insurers on CreditWatch” contained incomplete information, stating that to Standard & Poor’s placed CMG Mortgage on CreditWatch.
The mortgage insurer placed on CreditWatch is CMG Mortgage Insurance Co. Due to an abbreviation used in the Research Update, S&P’s report and action was inadvertently linked to CMG Mortgage, which is not a rated company and unrelated to the company on which the action was taken. We regret the error.
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