Financial Business Recap: GE Capital In Final Review Stage, MGIC’s Insurance Rises
The Financial Stability Oversight Council has placed GE Capital (NYSE:GE) into the third and final stage of a review which will decide whether the company should be designated as systemically important, thus subject to increased scrutiny and regulation, according to Bloomberg. Thus far, only American International Group (NYSE:AIG) is the other non-bank in the final phase.
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MGIC Investment Corporation (NYSE:MTG) wrote $2.2 billion in new mortgage insurance last month, with delinquent inventory falling from 150,388 to 148,885 loans previously. Freddie Mac (FMCC.OB) decreased the capital requirement for the company to continue writing domestic insurance and shares have had two big weeks, although they fell on Monday.
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