Goldman Sachs Group Goldman Sachs Group Inc., JPMorgan Chase & Co. - TopicsExpress



          

Goldman Sachs Group Goldman Sachs Group Inc., JPMorgan Chase & Co. and billionaire George Soros are poised for gains from a housing bet placed in the depths of the financial crisis. Essent Group Ltd., the Bermuda-based mortgage insurer that raised US$500 million from a group including those backers in 2009, filed last week to sell shares in the first initial public offering of a home-loan guarantor in almost two decades. The industry is rebounding from record homeowner defaults that triggered payouts, forced almost half the companies out of the business and pushed some of the biggest survivors to the brink of default. With property prices now rising at the fastest pace since 2006 and the government reducing its role backing home loans, firms that sold policies before housing collapsed — Radian Group Inc. and MGIC Investment Corp. — are attracting new investors to replace capital lost in the slump.
Posted on: Thu, 26 Sep 2013 12:44:07 +0000

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