SOURCE: World Street Fundamentals

July 07, 2011 09:00 ET

Equity Research on The PMI Group, Inc. and MGIC Investment Corporation -- Safe to Mortgage?

HONG KONG--(Marketwire - Jul 7, 2011) - Today, released its industry report highlighting The PMI Group, Inc. and MGIC Investment Corporation. Full fundamental and technical analysis is available at

The fundamental outlook for the economies and mortgage finance industry for the next 12 months will be reflected by the expectation for weak loan growth. It is believed that loan growth in 2011 will be mixed, reflecting the position for slightly higher mortgage rates as a result of strict lending criteria. In 2011, it is possible to see loan growth declining slightly. While the economy is in a recovery phase, a lot remains to be done. The Treasury continues to hold huge direct investments in institutions like Fannie Mae (FNMA) and Freddie Mac (FMCC).

World Street Fundamentals has highlighted The PMI Group, Inc. because through its subsidiary PMI Mortgage Insurance Co. (MIC), and its affiliated companies (collectively PMI), provides residential mortgage insurance in the United States. During the year ended December 31, 2009, the Company operated in three business segments: United States Mortgage Insurance Operations, International Operations and Corporate and Other. As a United States residential mortgage insurer, PMI offers a variety of mortgage insurance products to meet the capital and credit risk mitigation needs of its customers. The entire report on The PMI Group, Inc. is available here:

World Street has highlighted MGIC Investment Corporation as the Company provides private mortgage insurance in the United States. As of December 31, 2009, the Company's principal subsidiary, Mortgage Guaranty Insurance Corporation (MGIC), was licensed in all 50 states of the United States, the District of Columbia, Puerto Rico and Guam. During the year ended December 31, 2009, MGIC wrote all of its new insurance throughout the United States. In addition to mortgage insurance on first liens, the Company, through its subsidiaries, provides lenders with various underwriting, and other services and products related to home mortgage lending. The entire report on MGIC Investment Corporation is available here:

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