(Reuters) - The brokerage also lowered its earnings outlook for the
group to reflect expectations for a longer-than-expected
downturn in the credit cycle and more severe losses.
On MGIC, Friedman said the company is likely to suffer from
higher losses in the near term. However, it should be
benefiting from some catalysts over the next few months,
including its slated sale of portions of C-BASS and Sherman
following the closing of the RDN transaction.
Read more at Reuters.com Bonds News
group to reflect expectations for a longer-than-expected
downturn in the credit cycle and more severe losses.
On MGIC, Friedman said the company is likely to suffer from
higher losses in the near term. However, it should be
benefiting from some catalysts over the next few months,
including its slated sale of portions of C-BASS and Sherman
following the closing of the RDN transaction.
Read more at Reuters.com Bonds News
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