Skyward Specialty Insurance Group launched a mortgage reinsurance business.

Radian Guaranty ranked first among private MIs in new insurance written, posting a 20.5% increase to $13.89 billion in the second quarter.

GSE purchase-mortgage volume — both with private mortgage insurance and without private MI — increased at a faster pace in the second quarter of 2024 than FHA purchase-mortgage business.

Some $77.98 billion of purchase mortgages without MI were included in agency MBS issued in the second quarter, a 35.1% increase compared with the first quarter.

The FHA plans to continue to assess its life-of-loan mortgage insurance premium but will consider making changes to the policy in the future.

Euclid Mortgage will offer managing general underwriter capabilities to reinsurance companies that want to take on residential mortgages.

The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.

New originations of loans with primary mortgage coverage fell off in the fourth quarter, with private mortgage insurers getting squeezed the most.

FHA’s share of the primary mortgage insurance purchase business grew from 25.7% in 2022 to 32.1%.

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