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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: gaj who wrote (3714)	10/7/1998 9:00:00 PM
From: RockyBalboa	Respond to of 18998

EFS as a member of the insurer industry, lives from the underwriting income. They seem to be gone in part, according to TMF. EFS isn't explicitly mentioned there but they are in that kind of business. "Private mortgage insurers took it on the chin today after legislation passed the House that would allow Freddie Mac (NYSE: FRE) to "self-insure mortgages with down-payments of less than 20%," according to Bloomberg News. With that being the business of private mortgage insurers, companies in that industry were hit on the news, though this worry has been in the market for some time. ..." The ones mentioned herein took a hard hit: MTG -11%, CMAC -25%, TGIC -30%. fool.com The TMF explanation sounds a bit weak, but the signal is losing new business together with anticipating more loan defaults they insured in the past. Earned premiums may be to thin in the future. You may find EFS and others: biz.yahoo.com C.