Mortgage insurer subsidiary seized by regulators (AP)

AP - Insurance regulators in Arizona have seized the main subsidiary of private mortgage insurer PMI Group Inc., which will begin paying claims at just 50 percent.

Source: http://us.rd.yahoo.com/dailynews/rss/personalfinance/*http://news.yahoo.com/s/ap/20111022/ap_on_bi_ge/us_mortgage_insurer_seized

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