Opportunity Seen in Radian Shares
Video of Jim Cramer speculating on mortgage insurance opportunity
Feb. 25, 2013
By Mortgage Daily staff
When the housing market was suffering, Mad Money’s Jim Cramer says that he advised his audience to get out of Radian Guaranty Inc.’s stock.
Now Cramer is speculating that the mortgage insurer might be a good bet.
“The mortgage insurers were so toxic that for so long, that I’m sure many of you want to write Radian off as simply too dangerous,” He said on the CNBC show.
Cramer explained that the mortgage insurance business is coming back with a “vengeance” because of the strong housing market.