At 10% expected in net premiums written Radian profits go higher.
Combined with lower trend of mortgage loss and we have a game changer. This is based on my calculations.
Sentiment: Strong Buy
2013 will be even better for Radian as FHA hikes fees again.
Radian will write NIW of $5 billion a month and MGIC will write $3 billion.
Net premiums earned should move to $250 million per quarter in 2013.
the one where rising fees actually lower NIW and increase delinquencies?
Sentiment: Strong Sell