Fitch Ratings said today it maintains a negative outlook on the private mortgage insurance industry's insurer financial strength and debt ratings as big losses continue.
The company said the negative outlook reflects a challenging business environment for the residential mortgage market, which will continue for the industry's risk-adjusted capitalization over the intermediate term.
This year the rating firm said it expects continued loss development as "at risk" insured exposures move through their loss development cycles, U.S. home prices continue to fall, and the overall U.S. economy weathers a recession.
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