The Group's principal activity is to provide private mortgage insurance, also known as mortgage guaranty insurance, to residential mortgage lenders. The service provided by the Group helps to protect the lender against loss from defaults on low down payment residential mortgage loans. There are two types of private mortgage insurance coverage, primary and pool. Primary insurance provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest and expenses associated with the default and subsequent foreclosure. Pool insurance offers lenders additional credit enhancements for certain mortgage/backed securities and provides coverage for the full amount of the net loss on each individual loss included in the pool.
Alacra Alerts:
Receive alerts on the latest reports on Triad Guaranty Inc.
Subscribe to Alacra Alerts via RSS and never miss the latest research on your favorite companies. Just click the images above to add the feed directly to your favorite newsreader.
