Skip to main content

AIG MI Unit Aims for $100M IPO

NationalMortgageProfessional.com
Apr 01, 2016
United Guaranty Corp., the mortgage insurance division of AIG, has filed for an initial public offering (IPO) of up to $100 million

United Guaranty Corp., the mortgage insurance division of AIG, has filed for an initial public offering (IPO) of up to $100 million.

According to a Reuters report, the IPO is part of AIG’s strategy to spin off the United Guaranty unit as part of an effort to divide AIG into three parts. The company has been under pressure from investor Carl Icahn to change its structure, and in January AIG announced it would sell up to 19.9 percent of its holdings in United Guaranty.

The IPO will be underwritten by J.P. Morgan and Morgan Stanley, and United Guaranty plans to have its shares listed on the New York Stock Exchange.

Published
Apr 01, 2016
FormFree Enters Deal To Offer Products to Lenders One Members

Mortgage Cooperative Hopes Automated Borrower Verification Tools Will Enhance Customer Experience

Industry News
Aug 03, 2021
AHP Servicing Names Charles Halko Jr. CFO

Brings 30-Years Of Experience to Chicago-Based Servicer

Industry News
Aug 03, 2021
Ready Capital Announces Deal To Acquire Red Stone

Real Estate Finance Company Expands In Multi-Family Affordable Housing Sector

Industry News
Aug 03, 2021
Anchor Loans Hires Andrew Jewett As SVP, Enterprise Sales

Formerly lead lending at Sundae Inc.

Industry News
Aug 02, 2021
Pretium Adds 3 Execs With Residential Credit Expertise

New Hires Will Serve As Managing Directors

Industry News
Aug 02, 2021
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021