WBS - Farmer Mac And MGIC Trade Like Banks But They're Better Than Banks Buy Them
- Farmer Mac and mortgage insurer MGIC have traded almost perfectly in line with regional banks, but they differ from banks in several ways.
- They have less interest rate risk.
- They have less competitive risk.
- And they have lower valuations.
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Farmer Mac And MGIC Trade Like Banks But They're Better Than Banks, Buy Them