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今天MBI狂漲18%

(2009-12-23 01:02:01) 下一個
今天MBI狂漲18%,隨同整個MORTGAGE INSURERS,受11月份(政府原定於11月底中止首次買房8000刀CREDIT,現在被延長,且擴展至其他買房人)二手房銷售數據刺激。總的來看,在被剔除出SP500後,MBI被機構資金吸納,後市似乎可以看好,當然不排除短期回調。在同板塊中,今天MBI漲勢並不很強。參見今天評論文章。Mortgage insurers surge on housing dataS&P downgrades five companies in the sectorExplore related topicsBanks Insurance MGIC Investment Corp Radian Group Story Quotes Comments Screener (4) Alert Email Print ShareBy Alistair Barr, MarketWatch SAN FRANCISCO (MarketWatch) -- Mortgage insurers surged Tuesday after a better-than-expected home sales report lifted hope that the sector won't suffer as heavy losses from defaults and foreclosures. Home resales rose 7.4% in November, according to the National Association of Realtors. That was more than double the 3.3% increase economists had expected. Read more on existing-home sales. Mortgage insurance helps home buyers who don't have enough money for a traditional down payment of 20% of the purchase price. As house prices have slumped and defaults surged, mortgage insurers have had to pay significantly more claims on these policies. Stronger demand for houses is good news because that could help limit losses the sector faces from delinquencies and foreclosures. MGIC Investment /quotes/comstock/13*!mtg/quotes/nls/mtg (MTG 6.29, -0.07, -1.10%) , one of the largest independent mortgage insurers, jumped 25% to close at $6.36 on Tuesday. Rivals Radian Group /quotes/comstock/13*!rdn/quotes/nls/rdn (RDN 8.08, -0.04, -0.49%) and PMI Group /quotes/comstock/13*!pmi/quotes/nls/pmi (PMI 2.46, +0.43, +21.18%) gained 26% and 21%, respectively. American International Group Inc. /quotes/comstock/13*!aig/quotes/nls/aig (AIG 30.49, -0.56, -1.80%) , which owns mortgage insurer United Guaranty, climbed 11% to close at $31.05 on Tuesday. Genworth Financial /quotes/comstock/13*!gnw/quotes/nls/gnw (GNW 11.96, -0.02, -0.17%) , which also runs a large mortgage insurance business, rose 3.1% to close at $11.98. Still, Standard & Poor's Ratings Services cut the ratings on five U.S. mortgage insurers Tuesday on concern about bigger-than-expected losses and expectations that unemployment will continue to rise through the second quarter of next year. Republic Mortgage Insurance Co., a unit of Old Republic /quotes/comstock/13*!ori/quotes/nls/ori (ORI 10.29, -0.08, -0.77%) , was cut three notches to BBB-, close to junk status, while Genworth Mortgage Insurance Corp. was cut two notches to BBB-. PMI and Radian units were lowered one notch further into junk at B+ while United Guaranty was cut one step to BBB. Alistair Barr is a reporter for MarketWatch in San Francisco
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