Mortgage Insurance

Fitch Warns of Likely Downgrades to Nearly Every Major Mortgage Insurer 

Fitch Ratings, in a move likely presaging pending downgrades, said Monday (registration req’d) that it had placed nearly every major mortgage insurer on negative ratings watch. In particular, Mortgage Guaranty Insurance Corp., PMI Mortgage Insurance Co. and Radian Guaranty Inc. saw their insurer financial strength ratings affected, while Genworth Mortgage Insurance Corp. and its affliates were the only major insurer to have ratings affirmed.