Radian: New mortgage insurance written jumps 25% in first quarter

In fact, of our $5.5 billion in new mortgage insurance written in the second quarter, 99.9% was prime credit quality, 98.4% had a FICO score of 680 or above and all had LTVs of 95% or below.

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But such is Radian’s fate. Speaking of Radian, its new mortgage insurance written jumped 25% in the first quarter 2017, helping drive a strong start to the year. According to its first-quarter.

Despite recording a net loss for the second quarter, private mortgage insurer Radian Group. results, new mortgage insurance written surged to $14.3 billion for the quarter, an increase of 43%.

NEW YORK (TheStreet) — The U.S. Treasury Department’s latest changes to the mortgage modification. claimable amount, as insurance now applies to the newly modified loan amount, not the original.

Of the $10.1 billion in new business written in the first quarter of 2017, 25 percent was written with single premiums. Net single premiums written, afte r consideration of the 35 percent ceded under the Single Premium Quota Share Reinsurance Transaction , was 16 percent in the first quarter of 2017.

Radian protects the American Dream for lenders and their borrowers by offering products and services that open doors for new generations of homeowners.

Old Republic International Corporation’s title insurance earnings performed well in the first quarter 2017, far outpacing last year’s first quarter. On the other side, the company’s mortgage insurance business didn’t perform as well, falling from the same period a year ago.

What is PMI (Private Mortgage Insurance)? delinquencies also helped by favorable seasonal trend in the first quarter. Some MIs refined their reserves, but changes were modest. NIW down again on historically low mortgage originations. The cohort’s new insurance written (NIW) for the quarter declined further in Q1 2014, down by 26% year over year and by 25% from the last quarter.

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New insurance written. expected third-quarter earnings. Progressive Corp.’s PGR operating net income of 36 cents beat the Zack Consensus Estimate by 3 cents. Radian Group, a credit enhancement.