MGIC: Primary new mortgage insurance continues to drop

One could optimistically say $200 billion this year, or, let me grab my HP-12C, about $25 billion per private mortgage. new insurance written (NIW), offset in part, by lower persistency due to the.

Primary Credit Analysts: Ron A Joas, CPA, New York (1) 212-438-3131; ron.joas@standardandpoors.com. even as their delinquency inventories continue to drop year-over-year.. and issuer credit ratings (ICR) on Mortgage Guaranty Insurance Corp. (MGIC) and MGIC Indemnity Co. (MIC) to ‘BB’ from.

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 .

Short Sale Incentives Coming in 2010, Treasury Says Trump’s high-wire act on trade risks a rough fall –  · Signals on the direction of the U.S. economy remain mixed. A reading on private payrolls in May showed the smallest gain since 2010. And the official government employment gauge out Friday morning showed an increase of just 75,000 jobs in May, a slowdown well below expectations. The unemployment rate remained at 3.6 percent, near a 50-year low.

This unique mortgage calculator will not only generate an amortization schedule, but will also show the Private Mortgage Insurance payment that may be required in addition to the monthly PITI payment, and when it will automatically cancel. Want to learn more about PMI? Read "Everything you need to know about PMI", our comprehensive guide.

 · The mortgage servicer is required to drop your PMI coverage when the outstanding balance of your mortgage drops to 78% of the original value of your home. If the original purchase price on the house was $200,000, your lender must cancel PMI when your outstanding loan amount drops to $156,000. This is 78% of $200,000.

The Obama administration estimates that by lowering FHA’s annual mortgage insurance premiums by half a percentage point, as many as 250,000 new buyers will be able. columnist on real estate for The.

JPMorgan Chase utilizes Federal Home Loan Banks to meet Basel rules  · The three federal bank regulators – the Federal Reserve, Office of the Comptroller of the Currency and the federal deposit insurance Corp. – issued a joint proposal to require the eight.

The study results showed that neither one reached its primary. market’s overall drop for 2016 shows the upward support that the tender offer provided while it was outstanding. Finally, MGIC.

S&P Case-Shiller home prices jump most since 2006 S&P Case-Shiller Home Prices – Business Insider – A gauge of US home prices rose to a 31-month high in January. The S&P CoreLogic Case-Shiller national home-price index climbed 5.9%, not seasonally adjusted, according to a monthly report published Tuesday. The highest price increases were again recorded in the red-hot markets of Seattle, Portland, and Denver.

MGIC also today issued an Operational Summary of its insurance subsidiaries for the month of June 2019 for their primary mortgage insurance. The summary is also available on the company’s investor.

At June 30, 2019, MGIC had $213.9 billion of primary insurance in force covering over one million mortgages. From time to time MGIC Investment Corporation releases important information via postings on its corporate website, and via postings on MGIC’s website for information related to underwriting and pricing, and intends to continue to do so.