PMI

American International Group Inc., the insurer being pressured by activist investor Carl Icahn to shrink the company, plans to pursue a partial spinoff of its mortgage guaranty unit.

MGIC Investment Corp. posted net income of $102.4 million in the fourth quarter, a gain of 36% from the $75.1 million it earned in the same period in 2014.

Activist investor Carl Icahn, who's pushing American International Group Inc. Chief Executive Officer Peter Hancock to shrink the insurer and boost returns, said the CEO must offer "a drastic strategic shift" at a presentation scheduled for next week. Icahn's plan includes splitting AIG into three units, one being United Guaranty Corp., a private mortgage insurer.

Radian Guaranty Inc. is in compliance with the government-sponsored enterprises capital standards after receiving $325 million in cash and securities from parent company Radian Group Inc.

Arch Mortgage Insurance introduced a new pricing program to better aligns a policy's risk with the amount of the premium. But analysts have expressed concerns about pricing competition.

The Federal Housing Finance Agency is giving private mortgage insurers some hope this holiday season that they might get a chance to offer deeper mortgage insurance on Fannie Mae and Freddie Mac single-family loans.

Mortgage stocks for the most part saw price per share gains in the wake of the Federal Open Markets Committee decision to raise short-term rates.

Genworth Financial Inc. has named Kevin Schneider, currently executive vice president of global mortgage insurance, as its chief operating officer.

Fannie Mae is offering yet another carrot to lenders that have lobbied extensively for relief from loan repurchases.

In their search for ways to shift the credit risk of mortgages from taxpayers to capital markets, Fannie Mae and Freddie Mac may be overlooking important players: the lenders that make these loans in the first place.

Legislative proposals to reform the housing finance system have failed to garner enough support, but a surprisingly simply reform idea is in plain sight: deeper private mortgage insurance coverage.

NMI Holdings, the parent company of National MI, has obtained a $150 million loan to support the growth of its insured portfolio and to meet the secondary market capital standards requirement.

Amid an ongoing shift in pricing strategies in the private mortgage insurance market, Essent Group chairman and CEO Mark Casale is trying to show investors that aggressive pricing tactics aren't the only way PMI firms compete.

American International Group Inc. CEO Peter Hancock dismissed activist investor Carl Icahn's proposal to split the company into three insurers, saying a division would limit earnings diversity and reduce the value of some tax assets.

Genworth Financial's third-quarter profit missed analysts' estimates as results deteriorated at its Canadian and Australian mortgage insurance units.

The report from independent auditors will likely show that FHA remains below its 2% statutory minimum capital ratio, but HUD officials and outside observers still expect it to show major improvement over last year.

Arch MI U.S. did $3.2 billion in new insurance written, approximately 60% more than the nearly $2 billion done in the same quarter in 2014.

A major investor in insurance giant American International Group is calling on the company to break itself up into three companies to get out from under its designation as one of only four systemically risky nonbanks.

Radian Group's private mortgage insurance subsidiary pulled back from certain pricing discounts that have driven competition in recent months in that business.

A pair of title insurers expect to suffer from TRID implementation hangover in the fourth quarter as the slowdown in mortgage applications related to implementation will affect them as well.