MGIC beats expectations, but new insurance written underwhelms

Planet Home Lending adds products, branches to grow in a tough market Tampa, Florida-Based, Planet Home Lending announced it is acquiring the employees and assets related to HomeBridge Funding, the correspondent division of HomeBridge Financial Services. The transaction is structured as a purchase of certain assets relating to the correspondent division, including a technology platform.

The company wrote record volume of high-quality and profitable flow mortgage insurance business in the quarter. Notably, the. According to the company’s financial results, new mortgage insurance written surged to $14.3 billion for the quarter, an increase of 43% compared to $10.1 billion in the first quarter of 2017.

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During the first quarter we had reported ROE of 15.1% and adjusted net operating ROE of 17.1%. I’ll now provide some detail of the key operating elements of our performance. I’ll start with the key drivers of our revenue. Our new insurance written was $11.7 billion during the quarter compared to $14.4 billion last quarter.

Paul Manafort accused of listing $3M condo on Airbnb, reaping tax benefits. dwayne harmon. 31 october 2017, 03:27 Manafort allegedly bought his condo in the SoHo section of Manhattan for about $2.85 million.. Arlington Virginia, and two other NY properties, as well as his life insurance policy. But the property has been listed on other.

MGIC beats expectations, but new insurance written underwhelms 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 and much lower expenses.. Bill Dobbins is a.

‘The status quo is over’: FHFA chief vows quick action on GSEs Mortgage Gym, a digital start-up firm with advice permissions, has outlined its network, client and broker fee plans after brokers questioned the firm over who owns the client’. The company has yet to launch its service but created a stir with its plans to automate the front end of the mortgage.Home prices rise from last year: FHFA Washington, D.C. – U.S. house prices rose 1.5 percent in the fourth quarter of 2016 according to the Federal Housing Finance agency (fhfa) house price index (hpi).house prices rose 6.2 percent from the fourth quarter of 2015 to the fourth quarter of 2016. FHFA’s seasonally adjusted monthly index for December was up 0.4 percent from November.Mortgage interest rates push higher on market volatility Mortgage rates. future market movement keeps lenders from sticking their necks out too far. In other words, lenders hesitate to offer lower rates than peers when there’s a risk that rates could.

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MGIC Investment Corp News, Research and Articles. MILWAUKEE, May 21, 2019 /PRNewswire/ — Blue Sage, developers of the only browser-based, end-to-end lending technology designed to provide borrowers with a digital mortgage experience, and Mortgage Guaranty Insurance Corporation (MGIC) (NYSE: MTG), the nation’s first private mortgage insurer, jointly announced today the availability of MGIC’s.

Mortgage application volume drops on less purchase activity Mortgage app volume drops as interest rates decline. The volume of mortgage applications dropped during the week ending March 30 amid declines in a number of interest rates, according to the.

MGIC beats expectations, though new word created underwhelms April 23, 2019 RSS FEED No comments MGIC Investment Corp. posted better-than-expected first-quarter gain as waste were reduce than projected while net premiums came in higher.