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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Ramsey Su who wrote (16533)7/14/2004 11:54:55 PM
From: zebra4o1  Read Replies (1) of 110194
 
re: MTG conference call

Sounds like MTG's investment portfolio is all in bonds. What else would have gone down so much since last year? They had significant mark-to-market loses on their investment portfolio compared to last year. If interest rates go up enough to slow the housing market, these guys will lose revenue, have higher default loses, and at the same time their investment portfolio will take a hit.

Sounds like they are putting a significant lobbying effort into getting mortgage insurance made tax deductible. Wonder how much it costs to buy a bill - or to get your amendments put into a bill.
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