Maverick to Paulson Bet on Housing With Junk Insurers

Maverick to Paulson Bet on Housing With Junk Insurers

David Paul Morris/Bloomberg

Contractors raise a wall while working on a new home under construction in Dublin, California. Insurers are operating in a housing recovery that’s strengthening as the job market improves and the Federal Reserve pushes borrowing costs for mortgages to near record lows.