MGIC: Primary new mortgage insurance continues to drop

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1957, when Mortgage Guaranty Insurance Corporation (MGIC), the first PMI firm, was founded.. The PMI industry has continued growing in recent decades and has made. the loss severity to GSEs for high-LTV loans with PMI is lower than the. provided insurance coverage for about $270 billion in new.

MGIC. mortgage-insurance unit has the most Fannie Mae and Freddie Mac policies outstanding. MGIC, which plans to “line up” with the two companies’ repurchase procedures, also will drop a fee of 0.5.

The increase was driven by the higher annual persistency on the existing book and the level of new insurance written. The size of the mortgage origination. we expect that the legacy books will.

At July 31, 2016, MGIC had $178.2 billion of primary insurance in force covering. Patrick Sinks, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC"), said, "I am pleased to report that in the first quarter of 2015 the company continued to generate high quality new insurance which contributed to an increase in insurance in force."

At this time, we expect MGIC to continue to comply with the current State Capital Requirements; however, refer to our risk factor titled "State capital requirements may prevent us from continuing to.

MGIC Investment Corp., a mortgage insurance. first quarter 2017. New insurance written jumped 12% from last year to $9.3 billion, up from $8.3 billion last year but down a full 27.3% from last.

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Radian gained from the loss of business suffered by other mortgage insurers, translating into new business wins for the company. Its close rival MGIC Investment Corp. (MTG) reported a 40% drop..

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MILWAUKEE, Jan. 30, 2014 /PRNewswire/ — Mortgage Guaranty Insurance Corporation, the primary. MGIC Investment Corporation releases important information via postings on its corporate website.

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At March 31, 2015, MGIC had $166.1 billion of primary insurance. continue to do so in the future. Investors and other interested parties are encouraged to enroll to receive automatic email alerts.

MGIC Hires Lisa Lanik – Account Manager for Tennessee. Ms. Lanik brings more than 23 years of mortgage industry experience to her new role, with an extensive background in mortgage financing.

Patrick Sinks , CEO of MTG and Mortgage Guaranty Insurance Corporation (" MGIC"). the legacy book continued to decrease in size and contribute fewer delinquencies, and.. New primary insurance written (NIW) (billions).