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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 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.

MGIC Investment Corp. promoted Patrick Sinks to chief executive officer as the mortgage insurer looks for ways to raise capital to meet new industry standards proposed by a U.S. regulator.

Various legislative proposals to abolish the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, the housing finance giants commonly known as Fannie Mae and Freddie Mac, could establish a new federal presence in the oversight of private mortgage insurance.

Radian Group Inc, the biggest private U.S. mortgage insurer, wrote the second-highest quarterly volume of new insurance in its history, helped by a recovering housing market and fewer loan defaults.

Mortgage insurer MGIC Investment Corp posted its second straight quarterly profit, after six years of losses, as a recovery in the U.S. housing market lowered the number of defaulters.

As more Americans buy homes, the handful of private insurers that cover their mortgages are attracting heavyweight investors keen to profit from the nascent housing market recovery.

Radian Group Inc, the biggest private U.S. mortgage insurer, posted a surprise quarterly adjusted profit, helped by a rise in premium income.