MTG DOWN FOR THE COUNT! RDN will buy whats left for pennies!
considering their balance sheets, MTG is in a better position to buy out RDN than vice versa lol especially after all those denied policies crash back onto their books and give them a (+$2) EPS loss of over 500-600 million.
that's just matter of time and denied policies are coming back soon in first half of 2013 or maybe 4Th quarters. Once customers start complain about RDB denied policies and they came up with profit then regulators would look into it and to see what is going on. If they have profit why they denied 50% of claims in 2012. All MI companies are almost same and non of them makes profit except RDN? Strange. MGIC denied just 7% in 2012 and have honest and clear balance sheet.
22% (33k dq from County wide ) included dq inventory and not going to be paid. MGIC's Reserve would stay high and no cash problem to pay Fre $267M. RDN debt due 2013 is coming soon and big????????????? how they're going to pay for it at same time RDN denied claims are going back to the book and add to the inventory again. RDN customers are unhappy about those denied claim and very soon they would stop giving them more business because the won't be able pay for future claim.