BofA Cuts Ratings on Three Mortgage Insurers After Trump Order
Photo: TokenPost
BofA Securities downgraded Enact Holdings (ACT), Essent Group (ESNT) and NMI Holdings (NMIH) after President Donald Trump signed a housing order aimed at lowering homeownership costs. BofA tied its rating changes to policy overhangs related to the order. The BofA move follows J.P. Morgan’s earlier downgrade of Enact to Underweight from Neutral. J.P. Morgan tied its action to Enact’s premium valuation relative to peers and limited near-term upside; TokenPost covered the earlier Enact downgrade . Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
