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tommiegun54

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tommiegun54

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Thursday, 09/24/2020 11:18:40 AM

Thursday, September 24, 2020 11:18:40 AM

Post# of 1371
AS HOME PRICES SOAR PMI COs LOSS MITIGATION TURNS PROFITS

IN CASES WERE HOMES ARE SOLD TO TO COVER LOANS AND HOMES ARE APPRECIATING IN VALUE, PMI COMPANY'S CAN TURN THOSE TRANSACTIONS INTO A PROFIT AS THEY ACQUIRE PROPERTIES.

MGIC HAS ACQUIRED PROPERTIES IN THE PAST IN CASES WERE HOMES ARE APPRECIATE IN VALUE.

"Our non-financial assets that are classified as Level 3 securities consist of real estate acquired through claim
settlement. The fair value of real estate acquired is the lower of

our acquisition cost or a percentage of the appraised value. The percentage applied to the appraised value is based upon our historical sales experience adjusted for current trends."

MGIC IS SWIMMING IN CAPITAL SO, ACQUIRING HOMES IN LOAN MITIGATIONS IS A GOOD STRATEGY AT THIS TIME FOR THEM.

SEC MGIC 10K 2019 page 86

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