MGIC reported its seventh straight quarterly loss today and disclosed that it was actively seeking capital to ensure it can continue to write new mortgage insurance policies.. The Milwaukee-based private mortgage insurer reported a first quarter net loss of $184.6 million, up sharply from $34.5 million a year ago.
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MGIC Investment Corporation (NYSE: MTG) is the parent company of Mortgage Guaranty Insurance Corporation (MGIC), a preeminent mortgage insurer. Established in 1957, MGIC is not only the leader, but also the founder of an industry that has helped millions of families achieve the dream of homeownership.
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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 to write in the existing level.
· MILWAUKEE, June 10, 2019 /PRNewswire/ — MGIC Investment Corporation today issued an Operational Summary of its insurance subsidiaries for the month of May 2019 for their primary mortgage insurance. The summary is also available on the company’s investor website under Newsroom, Press Releases. The information concerning new delinquency notices and cures is.
Patrick Sinks, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC") said, "In the first quarter our insurance in force increased primarily due to strong persistency and the addition of $10.1 billion of high quality new insurance writings. The current conditions of the employment and housing markets contributed to the continued decline in the primary delinquent inventory and low level of new delinquent notices received."
Nations Companies hires two industry experts The Nations Companies expands their offerings and hires two industry pros, Bill Frazier & Denia Graham – AUSTIN, Texas, Oct. 1, 2014 (GLOBE NEWSWIRE) — via PRWEB – Nations recently hired two. Companies to grow existing client relationships as well as, discover new opportunities where an "end-to-end.
Through its recent acquisition of CMG Mortgage Insurance Company and the IT and operating platform of PMI, Arch MI is writing new MI business in the credit. Ohio’s Peoples Bank ($2.1B) will buy.
Moody’s tempers multifamily bubble fears Moody’s Investors Service View on US Multifamily REITs. In Moody’s opinion, the operating performance of US multifamily REITs will continue to decelerate this year. We expect net operating income (NOI) growth for multifamily REITs that we rate to slow to about 2.7 percent by the end of 2017, down from 5.5 percent growth at year-end 2016.