Overview
Description
Enact Holdings Inc. is a leading financial services company specializing in providing private mortgage insurance. Its primary function is to help consumers achieve homeownership by offering insurance solutions that protect lenders against the risk of borrower default. Enact Holdings plays a crucial role in the housing finance ecosystem, enabling mortgage lenders to extend more loans to consumers by reducing their exposure to risk. Operating primarily in the United States, the company supports various sectors, including real estate and financial services, by enhancing loan affordability and accessibility. Enact Holdings Inc.'s market significance is underscored by its contribution to the stability and growth of the mortgage market, facilitating easier access to funds for homebuyers while maintaining rigorous risk management practices. This allows for a robust partnership with lenders, ensuring a healthy balance between opportunity and security in home financing.
About
Instrument type
ETF
Country
United States
MIC code
XNMS