PMI

Arch U.S. MI's acquisition of United Guaranty Corp. will make one of the smallest private mortgage insurers the sector's new market leader. While the move is likely to ease pricing competition among the six remaining players, it's not expected to set off a wave of further consolidation.

American International Group. agreed to sell mortgage insurer United Guaranty Corp. to Arch Capital Group as Chief Executive Officer Peter Hancock works to simplify his company and free up capital to return to shareholders.

American International Group Inc. is in talks to sell its mortgage insurer, United Guaranty Corp., to Arch Capital Group Ltd. as Chief Executive Officer Peter Hancock works to simplify his company and free up capital to return to shareholders, according to a person familiar with the matter.

Essent Group reported higher net income for the second quarter of 2016 as the company wrote more insurance year-over-year.

Genworth Financial is looking at separating its mortgage insurance business from its life insurance line after it does the same for its long-term care insurance unit.

NMI Holdings reported second-quarter net income of $2 million, making it the first time the company founded in 2012 has ended a period in the black.

Greenlight Capital Re Ltd., the reinsurer seeking to reverse underwriting losses, is pushing into the mortgage guaranty market after being burned by fraudulent claims on property policies in Florida.

MGIC Investment Corp. has begun a public offering of $350 million in senior notes.

Old Republic International Corp.'s title insurance business had a 6% decline in pretax operating income year-over-year for the second quarter as costs rose greater than premium and fee revenue.

Radian Group nearly doubled its net income during the second quarter from a year ago on a significant drop in expenses stemming from a smaller loss on debt extinguishment.

Arch Capital had underwriting income of $37.8 million in its mortgage insurance segment, which includes its U.S. subsidiary and an international reinsurance business.

U.S. Mortgage Insurers has selected MGIC Chief Executive Patrick Sinks as its new chairman.

A private flood insurance bill passed by the House is making Fannie Mae and Freddie Mac uneasy because they fear it could lead to greater losses, according to a recent report by the Government Accountability Office.

MGIC Investment Corp. earned $109 million in the second quarter, as an income tax provision for the period cut into net income.

Now that privately insured credit unions finally can join the Federal Home Loan Bank System, will more federally insured state charters consider converting to private insurance?

Radian Guaranty has redeemed the $325 million surplus note due to its parent company, Radian Group Inc. in Philadelphia.

The Federal Housing Finance Agency has opened the door to experimenting with front-end credit risk transfer transactions, but it is not wide enough for some market players.

The Federal Housing Finance Agency is soliciting industry input on how to improve Fannie Mae and Freddie Mac's credit risk transfer transactions, for the first time considering front-end transactions rather than back-end deals.

Carrington Mortgage Services has added conventional loans to the portfolio of products offered by its wholesale lending division.

A Bipartisan Policy Center commission tasked with addressing the issues related to retirement security and savings that older Americans face called for the creation of a pool for low-dollar reverse mortgage loans.