S&P Lowers Risk of Further Downgrades of PMI Group, But Maintains Negative Outlook

Standard & Poor’s Ratings Services lowered the risk of an additional downgrade on mortgage insurance company PMI Group Inc (NYSE:PMI), saying they expect the company to maintain solvency through at least the second quarter of 2012. Last month, S&P downgraded PMI two notches and put the company under further review for downgrades, saying they expected [...]

House prices slip further as sellers return

House prices slip further as sellers return
House prices have fallen for the second month running, Britain’s leading property website said today, and the decline appears to be accelerating.
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