PMI

There's not enough origination volume to sustain seven private mortgage insurers and the number of underwriters may need to shrink, warns MGIC CEO Patrick Sinks.

When the administration changes at the end of the year, the development of a single mortgage-backed security could suffer a setback, Mortgage Bankers Association CEO Dave Stevens said Wednesday.

Essent Group may have an opportunity to buy Radian Group, the rival mortgage insurer whose chief executive officer is stepping down.

Radian Group, the second-largest U.S. mortgage insurer, said Chief Executive Officer S.A. Ibrahim will step down at the end of next year after steering the company through the financial crisis as weaker rivals collapsed.

American International Group's mortgage insurance business has secured indemnity reinsurance coverage for a portfolio of policies from 2008 and earlier.

American International Group's mortgage insurer, United Guaranty Corp., is seeking to raise about $700 million to $800 million as it sells shares to the public, according to people familiar with the matter.

Mortgage insurer Essent Group reported higher net income for the first quarter of 2016 as premium growth outpaced rising expenses.

United Guaranty's pretax operating income of $163 million benefited from lower mortgage delinquency rates but a decline in refinance originations affected the amount of new insurance written.

The House passed a bill Thursday that would authorize state insurance commissioners to approve flood insurance policies for Fannie Mae, Freddie Mac and other federally backed mortgages.

Arch Capital had a 77% increase in the mortgage insurance segment's operating income, and its U.S. unit saw its new insurance written increase by 34%.

NMI Holdings lost $2.5 million in the first quarter, an improvement over a first-quarter 2015 loss of $7.8 million, which is a sign the private mortgage insurer remains on track to become profitable later this year.

Clayton Holdings reported a $3.7 million pretax first-quarter loss, but Radian's mortgage insurance business had pretax income of $140 million, a 10% increase over the prior year.

A federal appeals panel appeared receptive to striking two works from the Dodd-Frank Act that says the CFPB’s director can be removed “for cause.” Here’s what that would mean.

Its first-quarter earnings fell nearly 50%, to $69 million, as revenue declined and it took a $13 million loss on debt repurchases.

Borrowers of "forward" Federal Housing Administration mortgages are unfairly being expected to backstop the disparate mission and risks of the Home Equity Conversion Mortgage program.

Radian Guaranty's new reinsurance agreement will only cover single-premium mortgage insurance policies, a first for the company. These policies have higher capital requirements under the new secondary market standards.

The Consumer Financial Protection Bureau faced hostile questions from two judges during oral arguments before a federal appeals court Tuesday as it sought to argue the constitutionality of its single-director structure in a lawsuit brought by nonbank mortgage lender PHH Corp.

The U.S. Court of Appeals for the D.C. Circuit will hear oral arguments Tuesday about the Consumer Financial Protection Bureau's structure, in a case that has national implications. Even though a ruling isn't expected until the end of the year, legal experts say there are four major legal issues involved.

Fannie Mae and Freddie Mac's experiments with selling credit risk to investors are a critical element of new plan to merge the two entities and move them out of conservatorship, but what form so-called credit risk transfers take could make a big difference.

Genworth Financial Chief Executive Officer Tom McInerney said he's moving with a "sense of urgency" to turn around the insurer after record losses and a stock plunge.