The PMI Group Inc. News

Blackstone Group LP acquired a “significant equity stake” in mortgage insurer PMI Group Inc. Blackstone, the New York-based private-equity firm, will provide a loan to PMI for working capital and gains the right to take part in future equity offerings, …

Arizona-based mortgage insurer The PMI Group Inc. (NYSE: PMI) has filed for voluntary relief under chapter 11 of the United States Bankruptcy Code in the U. S. Bankruptcy Court for the District of Delaware. The filing is a result of …