PMI

Arch Capital Group named Michael Schmeiser president and CEO of its U.S. mortgage insurance business as the former head moved up the corporate ladder.

Arch Capital’s next offering of credit risk transfer notes features heavy exposure to residential mortgages that have been modified by Fannie Mae or Freddie Mac.

Rises in the amount of low down payment loans and private mortgage insurance due to tight affordability led to the most first-time homebuyers since 2006, according to Genworth Mortgage Insurance.

Credit risk transfer does more than just reduce exposure to a downturn in the housing market. It also provides them with information about how others view mortgage credit risk.

The six private mortgage insurers had a great year as they continued to grab market share from the Federal Housing Administration. Despite some headwinds, 2019 is shaping up to be another good year.

Mortgage insurer Radian Group was in takeover talks with an investor group earlier this month including Apollo Global Management and Centerbridge Partners, before discussions stalled over the terms of a potential deal.

Genworth's U.S. mortgage insurance unit's adjusted operating income increased over the previous year as the lower corporate tax rate and lower loss ratio overcame a 9% reduction in new insurance written.

China Oceanwide's acquisition of Genworth has been postponed until March, prolonging uncertainty about the fate of the acquired company's U.S. private mortgage insurance unit that could be resolved by the deal.

MGIC Investment Corp. responded to the broad-based roll out of "black box" pricing engines from the other mortgage insurers by bringing its version to market.

Radian Group has acquired Five Bridges Advisors, further cementing the new focus of its mortgage and title services business.