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Private U.s. Mortgage Insurers Revitalized By Housing Pickup

Higher home prices are the other major driver, he said. "As we see more home price appreciation, it will visit this site improve the outlook for claims severity and perhaps will cause a change in borrower behavior - where borrowers are less likely to default." Investors are betting on the recovery. MGIC's stock has risen sixfold in the last year and Radian's has quadrupled. Yet both still trade at a fraction of their pre-crisis values, suggesting plenty of room for growth. MGIC's stock price of $7.77 compares with a lifetime high of $75.62 in 2004; Radian peaked in 2007 at nearly five times its current price of $14.06.
For the original version including any supplementary images or video, visit http://www.reuters.com/article/2013/09/19/us-housing-insurers-idUSBRE98I0U620130919

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