PMI

CUNA Mutual Group previously provided this service through a joint venture with PMI Mortgage Insurance but exited the business in 2014.

Insurance claims and claims expenses were 503% above 1Q and 1,075% over 2Q19.

The delinquent loan inventory more than doubled compared with the prior year.

While low interest rates drove up new insurance written, the increased defaults stymied overall performance.

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.

A significant number of plans that expired at the end of June were not renewed, Black Knight said.

The mortgage insurer is receiving $528 million of coverage in the event of defaults in a $44 billion loan pool.

Mortgage insurers had been operating under the belief that rules pertaining to natural disaster delinquencies apply with COVID-19, but now it's in writing.

If the transaction does not go through, Genworth is looking at reviving a spin-out of its U.S. mortgage insurance business.

With the average borrower needing over two decades to save a 20% down payment for the median-priced home, private-mortgage-insured loans experienced major growth in 2019.