A global credit risk management company which offers products and services through three business segments- mortgage insurance, financial guaranty and financial services.
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Delinquencies will tail off and new policies being written now are extremely conservatively underwritten and will perform well over time.
The backlog of foreclosures is running right at about a million homes in the US right now, the highest levels in decades. When those hit the market, the MI companies are going to get hit really hard. This stock has not seen its bottom yet. I would also not say that delinquencies is tailing off... a better way to characterize might be delinquencies / foreclosures have been "delayed". If you have real money in this, you might want to think twice about your investment. Best of luck.