- Maybe Bruce Berkowitz has it exactly right with his plan to take the mortgage guarantee business of the GSEs and turn it into a state-regulated mortgage insurer without government backing. Radian (RDN +2.4%) and MGIC Investment (MTG +1.2%) continue to be among the year's strongest performers (GNW too, though it's not a pure MI play).
- Fresh off its successful IPO, Essent Group (ESNT +3.2%) - the newest public MI entrant - is initiated with a Buy and $25 price target at JMP Securities.
Continued strength for mortgage insurers
Nov 14 2013, 14:35 ET