Tue, Jul 22, 2014, 3:56 AM EDT - U.S. Markets open in 5 hrs 34 mins

Recent

% | $
Click the to save as a favorite.

PMI Group Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • drugsman12 drugsman12 Apr 11, 2010 8:59 PM Flag

    2006 Modified Pool Exposure

    I'm worried that earnings will be good in Q1 because of the high cure/delinquent rate reported recently.

    But, maybe any benefit of the above will be offset by them coming clean on some of their reserves. Will the lawyers really let them come out and show a profit when they are hundreds of millions if not billions underreserved??

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • PMI will continue to add to reserves despite what delinquencies do in order to catch up to reality, they have been repressing reserves in order to meet statutory requirements.

    • pmi earnings will be slammed just based on their debt revaluation alone, but in terms of delinquencies, sooner or later they will have to fess up about the mod pool delinquencies, at this point, even if they don't post any delinquencies, paid claims are going to take over this segment, claims for which they haven't reserved properly, they can mess with their reserves all they want, but cash flow is alredy negative and will get even more so this quarter.

 
PPMIQ
0.030.00(0.00%)Oct 1 11:10 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Netflix, Inc.
NasdaqGSMon, Jul 21, 2014 4:00 PM EDT