Lenders Collect $753 Million in MI Premiums Through Captive Reinsurance Units in 2005
May 12, 2006
Mortgage bankers last year pulled in a record $753.2 million in mortgage insurance premiums ceded by private MIs to their sponsored captive reinsurance vehicles. The total amount of mortgage insurance premiums ceded to captive reinsurance entities last year represented a 7.4 percent increase over the $701.1 million recorded in 2004, according to a new analysis of MI regulatory filings by Inside Mortgage Profitability. … [One data table included]