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Triad Guaranty Reports Net Loss of $31.8 Million in Third Quarter

Oct 27, 2007By

Triad Guaranty, Inc., a private mortgage insurer, said an increasing pace of mortgage defaults pushed the insurer into the red during the third quarter. The company reported a net loss of $31.8 million compared to $19.4 million in profits during the year-ago period, and “dramatically” increased reserves to account for paid claims and expected losses. From the press release:

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

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