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Mortgage Insurers Playing Important Role Default Reduction


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October 11, 2011 08:16 ET

Mortgage Insurers Playing Important Role Default Reduction

The Bedford Report Provides Equity Research on MGIC Investment & Genworth Financial

NEW YORK, NY--(Marketwire - Oct 11, 2011) - Despite falling stock prices and uncertainty regarding certain companies' liquidity levels, Mortgage Insurers are continuing to show a steady recovery from the lows of the recession. Studies from Milliman, Inc. and revealed by The Mortgage Insurance Companies of America (MICA), the private mortgage industry has played a significant role in reducing default on low down payment loans. The Bedford Report examines the outlook for companies in the Property & Casualty Insurance Industry and provides equity research on MGIC Investment Corporation (NYSE: [ MTG ]) and Genworth Financial, Inc. (NYSE: [ GNW ]). Access to the full company reports can be found at:

[ www.bedfordreport.com/MTG ]

[ www.bedfordreport.com/GNW ]

According to MICA, private mortgage insurance companies reported August defaults fell to 48,187 from 48,758 the previous month. Cures are mortgages that were at least 60 days delinquent but have since been made current. Statistics in this report include data from Genworth Mortgage Insurance Corporation, Mortgage Guaranty Insurance Corporation, PMI Mortgage Insurance Co., Radian Guaranty Inc., and Republic Mortgage Insurance Company. Private mortgage insurance premiums are tax-deductible for many borrowers who purchase or refinance a home through 2011.

The Bedford Report releases market research on the Property & Casualty Insurance Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at [ www.bedfordreport.com ] and get exclusive access to our numerous analyst reports and industry newsletters.

With the Financial Crisis showing no signs of slowing, Mortgage Insurers continue to struggle. The amount of underwater mortgages and loan delinquencies remain high, and despite low interest rates for home loans, many people are still steering clear of purchasing a new home until the economic outlook is clearer.

Despite headwinds, MICA remains positive. MICA says that since the housing market entered into the current crisis, the private MI industry has raised over $8 billion in new private capital, and "which is a testament of investor confidence in the industry's ongoing role in the marketplace."

The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: [ http://www.bedfordreport.com/disclaimer ]



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