Enact Holdings IncNASDAQ ACT Stock Report

Enact Holdings, Inc. operates as a holding company which provides mortgage insurance services. The company is headquartered in Raleigh, North Carolina and currently employs 496 full-time employees. The company went IPO on 2021-05-13. The firm is engaged in the business of writing and assuming residential mortgage guaranty insurance. The firm operates its business through its primary insurance subsidiary, Genworth Mortgage Insurance Corporation (GMICO). The insurance protects lenders and investors against certain losses resulting from nonpayment of loans secured by mortgages, deeds of trust, or other instruments constituting a lien on residential real estate. The firm offers private mortgage insurance products principally insuring prime-based, individually underwritten residential mortgage loans (primary mortgage insurance). Its primary mortgage insurance enables borrowers to buy homes with a down payment. Its primary mortgage insurance facilitates the sale of these low-down payment mortgage loans in the secondary mortgage market, which are sold to government sponsored enterprises.