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Triad Guaranty Loses $360m for Q209

Aug 10, 2009By

Triad Guaranty [stock TGIC][/stock], the mortgage insurer, reported a $359.4m net loss for Q209, compared to a net loss of $55.2m for Q109. Ken Jones, CEO of Triad, points to a decline in cure rates on default loans and severe settled losses that swelled Triad’s loss reserves for the second quarter, according to the report.

3d rendering of a row of luxury townhouses along a street

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