Brisk business for PMI

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In the latest in a series of structured mortgage insurance deals since opening for business in Europe, PMI Mortgage Insurance Company (PMI Europe) has assumed $29 million of mortgage default risk on $491 million of German residential mortgage loans, orginated by Aareal Bank (formerly DePfa Bank).

PMI entered the European market in February 2001. US parent company PMI Group has been providing mortgage insurance for almost 30 years. PMI is rated AA by Standard & Poor’s, Aa3 by Moody’s and AA-

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