Category:

The Housing Market Is Still Hot. That’s Good News for These Three Mortgage Insurers.

Much of the housing sector is already pricing in these trends, but one pocket still looks cheap: mortgage insurance companies.

Barron’s found three stocks that look appealing:

NMI Holdings

(ticker: NMIH),

Essent Group

(ESNT), and

MGIC Investment

(MTG). The stocks look inexpensive, trading at single-digit price/earnings and low price-to-book ratios. They’re solidly profitable, with net income expected to increase more than 10{3620381a13159a468e49440759e066b806585052159d280f445194d667fac272} over the next year. The longer-term outlook hinges on rates and the pace of mortgage defaults. But the industry seems to have learned its lesson from the last housing collapse—building more capital buffers, offloading risk to reinsurers, and

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Posted On : Published By : Mark Jensen
Category:

The Housing Market Is Still Hot. That’s Good News for These Three Mortgage Insurers

Much of the housing sector is already pricing in these trends, but one pocket still looks cheap: mortgage insurance companies.

Barron’s found three stocks that look appealing:

NMI Holdings

(ticker: NMIH),

Essent Group

(ESNT), and

MGIC Investment

(MTG). The stocks look inexpensive, trading at single-digit price/earnings and low price-to-book ratios. They’re solidly profitable, with net income expected to increase more than 10{3620381a13159a468e49440759e066b806585052159d280f445194d667fac272} over the next year. The longer-term outlook hinges on rates and the pace of mortgage defaults. But the industry seems to have learned its lesson from the last housing collapse—building more capital buffers, offloading risk to reinsurers, and

… Read More Read
Posted On : Published By : Mark Jensen
Category:

Mortgage Coach adds debt consolidation strategies in Total Cost Analysis to educate consumers on finance options using home equity

CORONA, Calif., June 8, 2021 (SEND2PRESS NEWSWIRE) — Mortgage Coach, the only platform enabling mortgage lenders to create digital and accurate home loan options for consumers, today announced its addition of detailed debt consolidation strategies in the Total Cost Analysis (TCA) presentation, allowing loan originators to educate consumers on lower interest debt repayment options as peaking home equity values offer household cashflow relief.

According to Q1 data from the Federal Reserve, there is $21 trillion in U.S. home equity and about $4.6 trillion in non-mortgage consumer debt such as credit cards, auto loans and college loans, with revolving and

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Posted On : Published By : Mark Jensen
Category:

Mortgage Coach adds debt consolidation strategies in Total Cost Analysis to educate consumers on finance options using home equity | National

CORONA, Calif., June 8, 2021 (SEND2PRESS NEWSWIRE) — Mortgage Coach, the only platform enabling mortgage lenders to create digital and accurate home loan options for consumers, today announced its addition of detailed debt consolidation strategies in the Total Cost Analysis (TCA) presentation, allowing loan originators to educate consumers on lower interest debt repayment options as peaking home equity values offer household cashflow relief.

According to Q1 data from the Federal Reserve, there is $21 trillion in U.S. home equity and about $4.6 trillion in non-mortgage consumer debt such as credit cards, auto loans and college loans, with revolving and

… Read More Read
Posted On : Published By : Mark Jensen
Category:

ICE Mortgage Technology’s Louis daRosa Named HousingWire Rising Star

PLEASANTON, Calif.–(BUSINESS WIRE)–ICE Mortgage TechnologyTM, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that Louis daRosa, Vice President of Engineering of ICE Mortgage Technology has been selected as one of the housing industry’s Rising Stars by HousingWire Magazine. Profiled in the June 2021 issue of the publication, daRosa is among 50 leaders under the age of 40 named to the list who are shaping the mortgage, real estate, and fintech industries.

In its eighth year, the 2021 Rising Stars were selected by HousingWire’s

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Posted On : Published By : Mark Jensen
Category:

CORRECTED-Genworth postpones its mortgage insurance unit’s IPO due to volatile trading

Bloomberg

Inflation Risk Sinks 80{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6} of Europe’s Company Debt Sold This Year

(Bloomberg) — Buyers of newly-minted corporate bonds are already nursing losses as inflation fears send government bond yields climbing.About four fifths of high-grade non-financial corporate bonds priced in Europe this year are quoted below their issue price, based on data compiled by Bloomberg. Last Friday, the share of post-issue losers stood at under 50{98cae0078f524eff3ab8ec32cf55b261677ef6c8a6ed6e94d92a4234b93f46b6}.This bleak statistic underscores the damaging effect on credit investors of the so-called reflation trade — bets on rapid economic recovery and an associated pickup in inflation — prompting many to seek shelter from further

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Posted On : Published By : Mark Jensen