New business volume rises in Q2. In Q2 2018, PMIs produced about $80.3 billion of new insurance written (NIW), up 14% from Q2 2017. For the first half of 2018, NIW totaled $138.8 billion while production was also up 14% on the year. Premium rate cuts highlight competitive pressure. In April 2018, MGIC (senior Ba2) reduced its premium rates on.
New insurance written of $47.9 billion improved 11% from 2015. The insurer expects to write lower new insurance in 2017 than 2016 due to the current market conditions and a smaller origination market.
MGIC beats expectations, but new insurance written underwhelms soto contents Fourth-quarter 2016 earnings Lending unit flagstar Dean witter analyst kenneth Increased price competition Canada home prices fall the most.
MGIC beats expectations, but new insurance written underwhelms mgic Investment Corp. posted better-than-expected first-quarter earnings as expenses were lower than projected while net premiums came in higher.
Ted Tozer is joining PennyMac’s board Tozer quiescent as Ginnie Mae boss on Jan. 20 after heading a group for 7 years. During a latter partial of his term, Tozer voiced some regard on a flourishing series of nonbank issuers of Ginnie Mae mortgage-backed securities; an associate of Westlake Village, Calif-based PennyMac is a ginnie mae issuer, according to a agency’s website.
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MountainView brokering $6B in GSE and Ginnie Mae servicing rights An Era of Transformation | Fannie Mae | Mortgage Backed Security – 4. Ginnie Maes strategic efforts will focus on providing for market liquidity, with an emphasis on providing liquidity in servicingrelated activities and the marketplace for mortgage servicing rights. 5. To preserve the integrity and sound administration of its MBS program, Ginnie Mae will act assertively to.
MGIC Investment’s fourth-quarter 2016 earnings beat our expectations and also improved year over year, primarily on the back of higher revenues, improved new insurance written.
MGIC Investment Corporation (MTG) reported fourth-quarter net income of $74.4 million, compared with a net loss of $1.4 million for the same quarter a year ago. Diluted net income per share was $0.
· MGIC saw its net income and new insurance written spiral in the fourth quarter. New insurance written saw losses of nearly 30% from the last quarter. However, this drop was not unexpected, and the company CEO focused on the positive aspects of the report.
NEW YORK ( TheStreet) — Small-cap oil companies were rallying Wednesday, with a renewed surge in crude oil prices driving buying interest. Lucas Energy ( LEI) was gaining on unusually high.
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