Mortgage insurer Radian Group Inc. said today it expects to incur "significant" losses in 2009, as a deteriorating economy and steep rise in unemployment have increased the likelihood that borrowers will default on mortgages.
Philly.com Business, Philadelphia Inquirer & Daily News: Business
Tue, 03/10/2009 - 8:58am
Mortgage insurer Radian Group Inc. said today it expects to incur "significant" losses in 2009, as a deteriorating economy and steep rise in unemployment have increased the likelihood that borrowers will default on mortgages.