At 20.1 to 1 Radian can write NIW of $5 billion a month and remain within guidelines. No waivers of RBC rules needed.
Sentiment: Strong Buy
Capital will be boosted by higher marketshare from FHA.
Radian could take over all Genworth's customers and keep right on moving higher.
MGIC will be okay but, Genworth is on the precipice of failure.