Winston-Salem Journal (NC) (05/12/08); Craver, Richard
Triad Guaranty Inc. has posted a $150 million first-quarter loss, which was double the $75 million it recorded in the last three months of 2007. The North Carolina-based company, which operates as a private mortgage insurer to residential mortgage lenders, reported net income of $17.3 million in last year's first quarter. Triad Guaranty President and CEO Mark Tonessen explained, "The negative trends we encountered during the second half of 2007 continued to impact us during the first quarter of 2008. Housing prices remain under pressure across the country, and the distressed markets of Florida, California, Arizona and Nevada continue to be particularly affected."
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