Finance

Mortgage Insurer Losses Narrow 

Mortgage insurer Triad Guaranty [stock TGIC][/stock] lost a net $55.2m — or $3.68 per share — in Q109, narrowed from the $122.2m in the previous quarter. The trend might not continue in the face of a growing number of mortgage defaults, however, despite the new limit on payable claims in the insured portfolio–which helps Triad stretch capital further but hurts servicers that now will only receive back a fraction of claims filed.