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novicetrader

05/31/10 3:27 PM

#62336 RE: CohibaMan #62332

..since they don't have the correct capital ratio it needs.


Cohibaman..Regarding PMI,I think now with this share offering completed,they have satisfied their capital ratio requirement,which is indicated in the PR I linked earlier.

With this capital contribution, MIC is in compliance with minimum policyholders' position and risk-to-capital regulatory capital requirements applicable to mortgage insurers.