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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (16533)	7/14/2004 8:59:57 PM
From: ild	Respond to of 110194

Insurance in force is down. Despite strong economy delinquency rate on A-minus and subprime credit loans is up. What I see is they made good money on their joint venture with RDN - C-BASS. C-BASS is "company specializing in the acquisition, servicing and securitization of credit-sensitive residential mortgages". It will blow up one day.

To: Ramsey Su who wrote (16533)	7/14/2004 11:54:55 PM
From: zebra4o1	Read Replies (1) \| Respond to 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.