Mortgage Insurer Consolidating
A mortgage insurance company operating from North Carolina is being spun off and consolidated with its sister companies.

Republic Mortgage Insurance Co. was suspended as an approved mortgage insurer of Fannie Mae in July 2011. The Winston-Salem-based company stopped writing new policies in August 2011, and it was placed under the supervision of the North Carolina Insurance this past January.

Now, Republic's parent company is planning to spinoff the company and some of its affiliates into a single firm.
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