All four monoline insurers, MGIC, Radian, Essent and National Mortgage, have been lowered to “market perform” based on valuations.

In recent SEC filings, the nation’s PMI firms disclosed their anxiety about future quarters. The reason: COVID-19 and coming delinquencies.

California was the biggest source of first-quarter primary MI business, getting a big boost from refinance activity. (Includes data chart.)

United Wholesale Mortgage’s CEO has reassured employees that there will be no layoffs due to the current coronavirus crisis.

Sales to Fannie and Freddie of refinance loans with private MI coverage rose 61.8% from the third to the fourth quarter last year. But the VA program remained the most refi-intensive sector.

Average home insurance premiums have risen in every state in the last decade largely due to the increased frequency and severity of natural disasters, a study by LendingTree’s QuoteWizards found.

California remained the largest source of insured home loans securitized by Fannie, Freddie and Ginnie in the second quarter, and it had relatively large concentrations of FHA and VA mortgages.

Private mortgage insurers could have excess capital of nearly $2 billion by the end of 2019, analysts predict. A recent report from Keefe, Bruyette & Woods suggests the combination of private mortgage insurers’ high returns on equity and increasing use of reinsurance through insurance-linked note deals is creating the largesse. All of the nation’s six active MIs are publicly traded or are owned by a parent company that is. From 2016 through 2018, private MI’s insurance-in-force grew at ...