Drugs, pretty fascinating statistics there...it looks like industry wide in February certificates issued were up a whopping 42% so premium growth across the board might be good and you have to beleive that new business written will be sufficiently profitable which is prob an understatement.
Most interesting though is that Feb defaults were back down to the November time frame which is so so but the cures are up substantially.I would guess that they are getting better as more resources get pushed to cures and I think you may be onto something with January of 08 having hit the bottom. Gonna have to feed my habit tomorrow and take down a little more PMI in the morn.
Great research pal, dont hesitate to share more of that good stuff Mr Drugs.
Other issue is that you need to break out what "bulk" meant to PMI in Q1 07 , how profitable that business is and what kind of a player PMI is in bulk, that business has in essence been shut down. Anyone have any thoughts on bulk?