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To: ldo79 who wrote (364875)4/8/2008 8:56:25 PM
From: Giordano Bruno  Read Replies (1) | Respond to of 436258
 
UPDATE 1-S&P cuts US mortgage insurers, housing outlook dims

The credit agency said most companies would not generate an underwriting profit until 2010, putting pressure on their capital. The downgrades may prevent some insurers from doing business with Fannie Mae (FNM.N: Quote, Profile, Research) and Freddie Mac (FRE.N: Quote, Profile, Research), it said.

reuters.com