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Parent company installed Eric Martinez Jr. as CEO of United Guaranty on June 1. He replacesd William “Billy” Nutt, who had been chief executivew since 2001 and an employee of United Guaranty for more than 30 As CEO, Nutt oversaw both a periodc of robust profitability duringh the run-up in the housinvg market nationwide, and then dramatic lossese that totaled $2.5 billion in 2008. Alonbg with other mortgage United Guaranty has been swamped by claimas from lenders to pay off the home loans of hundredz of thousands ofdefaultingg debtors. From his home, Nutt referred all questions toUnitedd Guaranty. Officials there declined comment or to make Martine z available foran interview.
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