PMI Profit Hurt By Fairbanks Unit
NU Online News Service, Oct. 23, 3:51 p.m. EDT?A big penalty to settle allegations of fraudulent activities by one of its holdings pushed third-quarter income down at mortgage insurance giant PMI Group Inc. by almost a third to $60.1 million, the company said.
During the comparable period last year net income was $89.3 million for the Walnut Creek, Calif.-based firm.
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