MGIC Investment Corp. (MTG)

[tommiegun54]

DELINQUENCIES DECLINED 10.41% IN 3 MO PERIOD ENDING DEC 31, 2020 AT MGIC INVESTMENT CORPORATION

•THIS IS SENSATIONAL AND UNEXPECTED NEWS AND UNSEASONABLE

•THE DECLINE IN DELINQUENCIES WILL LEAD TO HIGHER THAN EXPECTED PROFITS, WHEN MGIC REPORTS Q4 2020 EARNINGS AND GOING FORWARD

Expect analysts to increase earnings projections. So far analysts have increased earnings estimates to $.39 from $.37

So far, analysts have already raised earnings estimates by two cents to $.39. For Q4 2020. However, when analysts digest the trends, expect more money and, a boost to book value in excess of $13.72 from $13.33.

All the PMI COMPANIES WILL GET A BOOST TO REVENUES FOR Q4 FROM DECLINING DELINQUENCIES ARD CORRESPONDING RESERVE REQUIREMENTS.

"Black Knight: National Mortgage Delinquency Rate Decreased in December

Note: Loans in forbearance are counted as delinquent in this survey, but those loans are not reported as delinquent to the credit bureaus."

https://www.calculatedriskblog.com/2021/01/black-knight-national-mortgage.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+CalculatedRisk+(Calculated+Risk)&m=1