more evidence he is clueless, rdn has had a terrible quarter, dqs actually increased in dec, and they are not denying nearly as many claims, rdn is likely to exceed 25:1 this quarter, and the conditions fannie and freddie have put on their waiver, namely that they actually start paying claims, is going to drain rdn very fast
Exactly. Idiot Burch is clueless. The loan quality in MTG portfolio is much better than RDN: comparing the monthly statistics from MTG and RDN. MTG has sufficient resource to pay its claims. RDN doesn't. That's the reason why RDN writes so much new policy in order to survive.