MGIC’s 1Q income beats estimates on favorable loss development
Contents96.8% qoq (+10.1% yoyPrior year developmentPrior year loss developmentSecurities (cmbs) delinquency rateFoundation with ties to Barney Frank backs Hope LoanPort expansion One of the compelling anecdotes about Sarah Palin is that she auctioned off the Alaska governor's jet on eBay after taking office -- a swift move made by a reformer hoping to clean up the excesses of.Both revenue and operating income exceeded our guidance for the quarter. Better top line performance, operational improvements and favorable mix improved our gross margin to the second best quarter.MGIC's 1Q income beats estimates on favorable loss development Still, such unanimity may be the most worrisome portent for 2014. As Karl Case, emeritus professor of economics at Wellesley College and a co-founder of the S.&P./Case-Shiller index of housing..Mortgage banks must do more than just…