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MGIC Investment Corp. Message Board

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  • kmx_swing kmx_swing Oct 31, 2012 8:07 PM Flag

    sounds like mtg was in the wrong on the pool deals

    wintermutev04 - they pay something upfront. And it can be 100 milions. It can be 200 miliions and it can be 50 milions. Nobody knows yet as nothing was inked.
    "the majority of these payments to Freddie Mac will be made over a period of four years after the signing of the definitive agreement, with the remainder to be paid AT SIGNING. "

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    • yeah but that's not what the 100m refers to, is all I'm saying
      and do you think that the capital requirement would really be less than the initial payment (especially when the inititial payment is a minority of the total sum)?
      i mean, technically it could be any value... but based on how dramatically the capital req was decreased, and how the majority will be allowed to be defered, what do you realistically expect it to be?

      Sentiment: Hold

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