Investors Pony Up for MI Stocks, But FHFA Has Yet to Unveil New ‘Eligibility’ Standards
February 20, 2014
Investors of all different stripes have been increasing their stakes in several publicly traded mortgage insurance firms of late, betting that this recovering corner of the residential finance industry has more gas in the fuel tank. Among those buying into MI stocks is Paulson & Co., the legendary hedge fund that made $15 billion by shorting publicly traded subprime firms via the ABX Index in the run-up to the housing bust. Paulson & Co. recently increased...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
News Tailored to Your Needs
Get Focused Coverage
Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.