SOURCE: Wall Street Equity Research

Wall Street Equity Research

September 15, 2010 09:02 ET

Research on PMI Group and Assured Guaranty -- Awaiting Economic Recovery

JOHANNESBURG, SOUTH AFRICA--(Marketwire - September 15, 2010) - offers world class analysis on surety & title insurance companies PMI Group Inc. (NYSE: PMI) and Assured Guaranty Ltd. (NYSE: AGO). Sign up today at to receive free research reports on these companies.

The Surety and Title Insurance sector has been struck hard by the current recession. Despite incredibly low house prices, buyers are choosing to shun the housing market as recent surveys have shown many consumers believe the heavy costs of buying a home outweigh the benefits. This decrease in first time home sales has hurt the mortgage insurance segment of the Surety and Title Insurance sector as the shift in consumer preference towards refinancing yields far lower premiums. It is expected that the housing market will remain depressed until unemployment numbers improve. In August, the job rate increase 20,000 more than previously predicted potentially signaling a recovery in the economy and an ease in foreclosures. is a specialized website where investors can have full access to free reports on surety & title insurance stocks; traders looking for analyst opinions on PMI Group Inc. and Assured Guaranty Ltd. are welcomed to sign up for a free one year membership at

Other good news for the Surety and Title Insurance sector is the potential rate hike coming this fall by the Federal Housing Administration. This governmental mortgage insurer has recently increased its market share to nearly 90% from its historical average of around one third of the market. The FHA is raising its rates to help staunch the outflow of cash connected to a higher rate of defaults recently. This could cede a portion of their market share back to the private sector and help out those companies within the Surety and Title Insurance sector that have enough cash to add more clients. Visit us at to understand the catalysts and forces driving or affecting surety & title insurance companies in today's economic environment.

In the municipal bond insurance segment, $1.7 billion in municipal bonds have failed this year compared to the typical average of $1 billion. This comes at a time when there is less need for insurance as municipal bond issuers have received higher credit scores due to the decrease in bond yields that result from the exodus of investors from the plummeting stock market.

For the second quarter 2010, PMI Group Inc. experienced a loss of $150.6 million as its revenue slumped to $128.9 million largely attributed to lower premiums and loss adjustment expenses. Shareholders and investors can access the free research PMI Group Inc. now by signing up at

On the other hand, Assured Guaranty Ltd. had a more positive financial scenario for the past quarter with profits of $203.5 million reversing a loss of $170 million recorded a year ago. The overly optimistic result was due to an acquisition and profitable investments. The has also compiled a free research on Assured Guaranty Ltd. that can be downloaded now by signing up at

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