With housing near the epicenter of the financial crisis, it is not surprising that mortgage insurers took a greater hit than other sectors of the insurance industry.
A new report from Standard & Poor's Ratings Services confirms the damage is ongoing. The report, “As The U.S. Economy Recovers, Mortgage Insurers Are Having A Tougher Time Bouncing Back," says that factors such as continued high unemployment and declining home prices are leaving mortgage insurers vulnerable.
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