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Neither side opted to invoke their Aug. 31 termination rights and the deal is set to close by the end of September.September 1
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Arch's second CRT transaction this year to obtain indemnity reinsurance for mortgage-insurance premiums comes at a time it is also experiencing rising 60-plus-day delinquencies on its outstanding securitized pools.August 31
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Most of the proceeds will be used to deal with debt maturities, with the rest held by the MI unit's parent.August 21
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“They are willing to play this to the end, one way or the other.”August 13
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CUNA Mutual Group previously provided this service through a joint venture with PMI Mortgage Insurance but exited the business in 2014.August 10
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Insurance claims and claims expenses were 503% above 1Q and 1,075% over 2Q19.August 6
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The delinquent loan inventory more than doubled compared with the prior year.August 5
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While low interest rates drove up new insurance written, the increased defaults stymied overall performance.July 30
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The domestic mortgage insurer could have a portion of its equity sold as an initial public offering if the China Oceanwide transaction were to be terminated.July 21
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A significant number of plans that expired at the end of June were not renewed, Black Knight said.July 10
