Checking in With the Mortgage Bond Insurers

In the interest of maintaining accountability on calls recommended on this site, here is a brief update on the performance of the mortgage bond insurers since they were thoroughly examined on July 22nd.

Well, I recommended MGIC (MTG) at that time and it has merely been second best, trailing MBIA (MBI) by a fairly wide margin. Clearly, MBIA has been on fire, even with a slight recent pullback. Ambac and Radian have been disasters while PMI has held in there, very closely tracking MGIC, much to my surprise.