MGIC Investment Corp
(NYSE:MTG)
$
20.96
0.3 (1.45%)
Market Cap: 5.59 Bil
Enterprise Value: 5.72 Bil
PE Ratio: 8.06
PB Ratio: 1.10
GF Score: 84/100 MGIC Investment Corp at Barclays Global Financial Services Conference Transcript
Sep 13, 2022 / 03:15PM GMT
Release Date Price:
$14.17
(-3.28%)
Mark C. DeVries
Barclays Bank PLC, Research Division - Director & Senior Research Analyst
Okay. Good morning. Thank you all for joining. I'm very pleased to be joined on the stage by Tim Mattke, the CEO of MGIC Investment. We're going to be doing a fireside chat. So the format is I've got a number of prepared questions for Tim. Maybe we'll pause in the middle for some audience response questions and then turn it to you all for Q&A if you've got any.
Questions & Answers
Mark C. DeVries
Barclays Bank PLC, Research Division - Director & Senior Research Analyst
So Tim, just leading off with PMI penetration on purchase loans. This declined modestly since peaking in 2020. You just discussed the origination environment for 80% plus LTV loans and how that market has performed compared to the broader mortgage market.
Timothy James Mattke
MGIC Investment Corporation - CEO & Director
I think it's still a positive market theme. I think when you think about the penetration there, obviously, there's
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