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As is the case across many zip codes in the United States at the moment, in my hometown there is not a lot of housing inventory available. One of my wife's colleagues has been frustrated by that
Enact Holdings: A Little Slice Of The Mortgage Pie
Summary
- The combined impact of inflation and rising interest rates are taking the air out of the housing market as home prices remain elevated and mortgages are much more expensive.
- In the beginning phase of a down cycle for housing, valuations on mortgage insurance providers have already dropped well below book value.
- Enact Holdings will remain under pressure through the down portion of the cycle, but offers growing shareholder returns in coming years, by which time the cycle may swing up.
My professional background is in church work, but I left that vocation in 2012. In 2015, I earned an MBA from the Aix-Marseille University, located in in Aix-en-Provence in southern France. I currently live and work in the midwest with my spouse, children, and a cat who seems to like me more than she likes anyone else in our house.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of ACT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I have no stock, option or similar derivative position in any of the OTHER companies mentioned, but may initiate a beneficial long position through a purchase of the stock in Radian Group (RDN) over the next 72 hours (3 trading days).
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