From HW Magazine
Radian: Back from the brink
Will the mortgage insurer falter in a crowded space and as housing loses momentum?
Mortgage insurance has always been an interesting sector for investors -- and at times, a maddening one to understand. Yet, at the core, mortgage and related insurers are driven by a simple dynamic: how much revenue they can generate off of policy underwriting and premiums, and the loss experience they face against those same policies.