SEC filing
By MortgageDaily.com staff
11/12/2001

Dow Jones Newswires (DJ) reported that PMI Group Inc. (NYSE: PMI) estimates total domestic primary claims paid during 2002 could be 15% to 25% higher than those paid during 2001, according to a regulatory filing released late Thursday by the Securities and Exchange Commission. The company reportedly also estimates total domestic losses in 2002, including paid claims, loss adjustment expenses and changes in loss reserves, could widen by 25% to 35% from 2001, the filing said.

PMI Group was quoted as saying, "these estimates are based, in part, upon the company's belief that U.S. home prices in 2002 will be stable." The company was reported to assume lower policy persistency rates during the first half of 2002, higher mortgage delinquencies during the year, and higher losses and claims estimates during the year due to the aging of newer, relatively larger books of business.

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