It would appear that with two mortgage insurance firms recently being forced to pull the plug on the writing of new policies the outlook for the sector would seem grim. But according to Federal Housing Finance Agency director Edward DeMarco, MIs are needed, now more than ever. In a recent speech his comments about the MI sector received scant or no coverage, but the regulator noted that the agency is considering several risk sharing models for Fannie Mae and Freddie Mac, including one involving mortgage insurance firms. For surviving companies like United Guaranty, Radian, Genworth and others that's welcome news…
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