Lender Captive MI Business Continued to Fade Away in 2010, But Nearly $2 Billion Still at Play
April 7, 2011
The once-booming business of captive mortgage reinsurance operations sponsored by major mortgage lenders continued to decline in 2010, according to a new analysis of private mortgage insurer regulatory filings by Inside Mortgage Trends, an affiliated newsletter. Private MIs ceded some... [Includes one data chart]
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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