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PMI Group shows $4.52 million loss for Nov. 23-Dec. 31, zero revenue
By Jim Witters
Wilmington, Del., Jan. 20 - The PMI Group, Inc. reported a net loss of $4.52 million on zero revenue for the period of Nov. 23 through Dec. 31, according to the company's monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
The company also reported cash on hand of $165.41 million as of Dec. 31, compared to $165.58 million on Nov. 23.
PMI, a Walnut Creek, Calif.-based provider of residential mortgage insurance and credit enhancement products, filed for bankruptcy on Nov. 23. Its Chapter 11 case number is 11-13730.
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