Mortgage Insurers’ Profits to Return on Housing Surge

Mortgage insurers, a group that includes Radian Group Inc. and MGIC Investment Corp., can expect profits to reappear as the firms gain capital during an improving housing market, Standard & Poor’s said.

“A sector some had written off seems to be making a comeback,” Ron Joas, an S&P analyst, said today in a report. “Mortgage insurers seem poised to return to profitability in 2014.”