PMI

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.

If delinquency rates rise, all four stand-alone firms would have a capital shortfall.

The company's pricing of its secondary stock option partially alleviated worries about the need to obtain new funds and the risk of dilution for existing shareholders.

Rick Thornberry is looking to the lessons from the Great Recession and applying them to current conditions.

Three of the four had fewer new notices of delinquency for the quarter, but that should change going forward.

But it is still looking to conserve capital to cover future delinquencies and will likely halt dividends to the parent company.

But Black Knight and Arch Capital's mortgage insurance business aren't as affected, at least so far.

Treating COVID-19 forbearances as a natural disaster will likely mean the MIs will not need to hold as much capital.

The coronavirus relief legislation could result in private mortgage insurers having to hold more capital, a B. Riley FBR analyst report said.

The latest deadline for Genworth Financial's acquisition by China Oceanwide is June 30, but the parties are looking to get the transaction completed by the end of next month.

The impending wave of loan delinquencies because of the coronavirus hurt private mortgage insurer earnings, but the companies will still have sufficient capital, a Keefe, Bruyette & Woods report said.

Fidelity and Essent reported higher year-over-year profits in the last three months of 2019 as refinancing increased business volume, but Black Knight took a hit on its Dun & Bradstreet investment.

NMI Holdings saw its insurance-in-force grow 38% over the past year as 90% of its clients used its black box pricing module during the fourth quarter.