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PMI Group Inc. Message Board

  • paidbasher38291 paidbasher38291 Dec 28, 2009 4:04 PM Flag

    freddie report

    one other point of note on the freddie report, see table 1, first column, purchases and issuance, nov was the lowest number this year except for Jan, before the fed started buying mbs, in case you aren't smart enough to figure this out, this means niw is going to be low across the industry, and without niw, the mis can't grow their way out of their hole, and pmi was the lowest of the low, with only 1.2B in niw in q3, that is barely a drop in the bucket.

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    • Since you had your first post deleted, along with my response, I'll post it again, and if you have it deleted, I will report you.

      If these guys are public, and making this kind of profit, imagine what the hedge funds that bought the toxic assets are doing. Please not the dividend and profit realized.

      Walter Investment Management Corp., a real estate investment trust (REIT), operates as a mortgage portfolio owner and mortgage servicer, specializing in sub prime, non-conforming, and other credit challenged mortgage assets. The company, through its subsidiaries, services nonconforming residential mortgage portfolios; and provides a range of asset and servicing portfolio valuation, analysis, and marketing services for performing, sub-performing, and non-performing assets. It also underwrites property, casualty, personal lines, life, and health insurance; and has contracts with various wholesale insurance outlets allowing it to access insurance markets worldwide. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Walter Investment Management Corp. was founded in 1997 and is based in Tampa, Florida.

      You may know this industry better than I do, but I have a better grasp of the supports going into the real estate and mortgage market.

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