Bankrupt mortgage insurer The PMI Group is about to finalize its Chapter 11 reorganization plan.
Law360 says a Delaware bankruptcy judge accepted the firm’s reorganization plan and will sign off on it. The holding company for the mortgage insurer will end up paying creditors $200 million and will emerge as "a going concern," Law360 reported.
The current environment of mergers and acquisitions (“M&A”) is evolving. There is constant movement in the mortgage industry with the desire for growth and expansion. It is easy to become blinded by the end goal of increasing loan volume and quality origination talent. Thus, it has never been more important to focus on due […]
