$884M in risk, which excludes the 310M in reserves. So there is probably another $500M in pool losses yet to come, minimum. Enough to eat up the majority of the capital raise.
There are smart shorts and dumb shorts. Shorting PMI and MGIC at this level and time of market is really dumb. Timing is everything!! Time to buy this week!!
i sure hope you aren't long, you are going to get hammered tomorrow, a capital raise for this pos is a fools errand.
easily another 400m to go at minimum, will probably get reserved next quarter.