The PMI Group, Walnut Creek, Calif., lost $127 million in 1Q11, as its U.S. mortgage insurance business had a net loss of $137 million for the period due to continued high losses and loss adjustment expenses and lower premiums earned.

For the same period in 2010, the company lost $157 million while the U.S. business lost $122 million.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.