Enact Holdings, Inc. (ACT)

Profile

https://enactmi.com

Enact Holdings, Inc. is a private mortgage insurance company that supports the U.S. housing finance market. The company provides credit protection to mortgage lenders and investors by writing and assuming residential mortgage guaranty insurance, helping cover a portion of unpaid loan balances. Its product set includes private mortgage insurance for prime-based, individually underwritten residential mortgage loans, pool mortgage insurance, contract underwriting services, and mortgage-related reinsurance. Enact Holdings serves a broad customer base that includes large money center banks, non-bank lenders, national and local mortgage bankers, community banks, and credit unions. The company operates through its mortgage insurance business, making it an important participant in residential lending and risk management across the United States.