Continued strength for mortgage insurers

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.

Comments (1)
  • DeepValueLover
    , contributor
    Comments (11175) | Send Message
    With mortgage rates up, mortgage originations down and last year's ARMs beginning to reset (starting in the next couple of years) one should be careful in this space.


    ...especially after the 100%+ run-ups we've already seen.
    14 Nov 2013, 04:31 PM Reply Like
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