It seems like once or twice a week you hear good news related to housing, and once or twice a week you hear not-so-good news. Yesterday was the not-so-good news. Now today, there's good news again:
November Housing Starts up 8.9 Percent
Not sure why the back and forth on news items.
fgic will have no affect at all on pmi anymore, it is marked on their balance sheet at exactly what it is worth, zero, they have even eliminated any tax benefits from that investment, 800M dollars down the drain, and the same great minds who made that investment are still running the company.