Insurer Genworth Sticks to Mortgages Despite Loss

Shares of life and mortgage insurer Genworth Financial fell as much as 9 percent on Friday, a day after it reported its fifth-straight quarterly loss, roiled by deeper losses within its U.S. mortgage insurance unit.

Genworth has clung to its U.S. mortgage business even as the nation's housing market nosedived.

Insurer Genworth Sticks to Mortgages Despite Loss
Source: Reuters
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