Tag Archives: MGIC

MGIC – An Opportunity Through Mortgage Credit Exposure

By REIT Analyst: While I usually focus on mortgage REITs, which I can model quite accurately, I recently have taken a close look at mortgage insurance. Indeed, I realized I could model their business reasonably well, and it now appears … Continue reading

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The Baffling Gap Between Radian And MGIC

ByOliver Davies: The market likes to measure mortgage insurers’ reserve adequacy by their "reserve per delinquency." Based on the numbers reported to the public, it looks as though Radian RDN and MGIC MTG reserve at roughly the same level. The … Continue reading

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Buy MGIC Instead Of Radian’s Overpriced Stock Offering

ByOliver Davies: Fair play to Radian (RDN) management. A couple of years ago, staring down the barrel of a liquidity and capital crisis, they must have outlined a strategy with two ends: Slow down cash burn at their operating company … Continue reading

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