MGIC: Primary new mortgage insurance continues to drop

MGIC investment corporation (nyse:mtg) Q3 2018 Earnings Conference Call October 17, 2018 10:00 AM ET Executives Mike Zimmerman – Senior Vice President, IR Patrick Sinks – Chief Executive Officer.

Primary new mortgage insurance slipped to $4 billion, according to MGIC Investment’s August operational summery of its insurance subsidiaries for its primary mortgage insurance.

Mortgage delinquency rate drops 18.4% annually: LPS Have the good times of double-digit year. serious delinquency rates for the 15 worst major metros. You need to understand that these statistics do not include first liens which are delinquent.NAR survey shows how college, student debt affect homeownership According to new data from the National Association of REALTORS, you can add repaying student debt to the list of barriers holding back millennials from buying their first home. Earlier this month, NAR released a new survey looking at the home buying opportunities of student debt borrowers who are current in their repayment. The findings affirmed the notion that repaying student debt is impacting the housing market.

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.

Private mortgage insurance continues. MGIC saw an increase of nearly 23% in the first quarter of 2017. New insurance written saw losses of nearly 30% from the last quarter, however it is still up.

Mortgage Bankers Association adds 24 new members in September Benefits of MBA-NJ/NJAMB Membership | Mortgage Bankers. – An education provider, the premier source for state-of-the-art instruction in real estate finance in the State of New Jersey. An opportunity for member participation through MBA-NJ’s committees. An information resource that provides ongoing communications via its newspaper, e-mail and bulletins.

MGIC is one of the first mortgage insurance providers to extend this service via integration with a loan-origination system, and Mortgage Cadence’s ELC platform was the first loan origination.

MILWAUKEE, May 8, 2019 /PRNewswire/ — mgic investment corporation mtg, +1.76% today issued an Operational Summary of its insurance subsidiaries for the month of April 2019 for their primary.

As of December 31, 2014, MGIC’s primary insurance in force was $164.9 billion, compared with $158.7 billion at December 31, 2013, and $162.1 billion at December 31, 2012. The fair value of MGIC Investment Corporation’s investment portfolio, cash and cash equivalents was $4.8 billion at December 31, 2014 , compared with $5 .2 billion at December 31, 2013 , and $5.3 billion at December 31, 2012 .

Investors only accounted for 1.9% of MGIC’s new business while primary residents accounted for 95.6% of new insurance written. These borrowers would work harder to stay current, all to the benefit.

At April 30, 2017, MGIC had $184.3 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.

Purchase volume, where the private mortgage insurers generate most of their new insurance written, was underwhelming in 2018 even though this year’s home sales prospects are somewhat better. There were 6.12 million home sales in 2017, which fell to 5.98 million last year, according to Freddie Mac.

At April 30, 2018, MGIC had $198.5 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.

Mortgage insurance by MGIC – whether borrower paid or lender paid – helps you serve your customers by making homeownership more affordable for them.