January Mortgage Delinquencies Continues to Improve

Lender Processing Services, Inc. (LPS) released January data on the mortgage and real estate industries [Source]. Their database represents approximately 70 percent of the overall market. We use it as a leading indicator to track the future health of the mortgage business and potential impact on Genworth Financial (GNW) mortgage insurance businesses. The Positive Trend Continues: […]

Mortgage Insurance Industry Improving

In a nutshell, our investment thesis on Genworth Financial (GNW) is as U.S housing continues to recover GNW is in a good position to recover with it. Under performance in other areas of the insurer are being addressed and the improving macroeconomic climate will help. Activist shareholders and improvement in the mortgage insurance unit will be the catalyst […]