Soros-backed mortgage insurer tops Paulson bets as rules loom

Essent Group Ltd., the mortgage insurer backed by George Soros and Goldman Sachs Group Inc., is beating older rivals in the stock market as the U.S. plans to tighten regulation of the industry.

By Zachary Tracer | Updated on August 26, 2014

(Bloomberg) — Essent Group Ltd., the mortgage insurer backed by George Soros and Goldman Sachs Group Inc., is beating older rivals in the stock market as the U.S. plans to tighten regulation of the industry.

Essent has rallied 9.1% since July 10, when the Federal Housing Finance Agency laid out a proposal requiring mortgage guarantors to hold more assets. Radian Group Inc. and MGIC Investment Corp., the largest firms that focus on backing home loans, have slumped.

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