PMI Group Inc. (PMIR)

[dagurj]

This was posted on Yahoo.

PMAC is just a small book of business of MIC where the majority of the Book of Business is

"PMAC part sold is the recent book of business as a subsidiary of MIC the main underwriting legacy book of business which is the majority of business. PMAC can be sold since its not in BK but needed Arizona approval. MIC isnt in bankruptcy either just the holding company

MIC that wasnt sold - it appears the goal is to create and capitalize a new subsidiary outside of Arizona reach to be able to write new insurance while MIC is in a run-off.

The poster munhoi says thats it is how it will be done and the sale provides x% of the capital infusion and a new investor will infuse the rest to capitalize on the NOLs owned by TPG the holding company".

I think this could happen, we still have MIC subsidiary which we can use to start writing new businesses. We just need to get Arizona out of our backs and that is the big reason why PMI Group is agreeing to sell of all assests, operations linked to Arizona.