Lenders mortgage insurer Helia kicks off business review as ING Bank contract loss tanks stock
Lenders mortgage insurer Helia is reeling after the loss of another significant contract prompted it to start a comprehensive review of its business and strategy, sending its shares tumbling.
Helia, formerly known as Genworth, told investors on Wednesday that ING Bank had decided to negotiate with an alternative provider of lenders mortgage insurance, signalling another bank contract loss.
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