Tag Archives: Mortgage Guaranty Insurance Corp.

June saw a decline in the number of private mortgage insurance policies issued, though dollar volume for those policies increased, according to the latest monthly report from Mortgage Insurance Companies of America (MICA). Member companies issued a combined 49,666 insurance certificates, down from 52,545 in May. June's decline was the first since February. While policies fell, dollar volume rose, jumping to nearly $12.3 billion from May's $12.0 billion.

Private mortgage insurance business saw a sharp increase for the third straight month in May, according to a monthly report from Mortgage Insurance Companies of America (MICA). Together, member companies issued 52,545 certificates on new mortgage loans totaling more than $12.0 billion in volume. The increase in volume comes as little surprise, given the rising trend in applications received over the last several months. With applications totaling 55,535 in May, activity should continue to improve.

Activity in the private mortgage insurance sector picked up in April, according to monthly statistics from Mortgage Insurance Companies of America (MICA).

Mortgage Insurance Companies of America (MICA) reported a lift in business in March, with dollar volume rising both month-over-month and year-over-year. At the same time, the number of private mortgage insurance applications received by MICA members totaled 43,278 in March, up from 36,793 in February and 32,540 in March 2012. March's application volume was the highest since last October, when MICA members reported receiving 46,045 applications.

Mortgage Guaranty Insurance Corporation (MGIC) announced the availability of mortgage insurance through INTEGRA Software Systems' loan origination software (LOS) systems.

The Consumer Financial Protection Bureau(CFPB) announced enforcement actions against four mortgage insurers who allegedly gave kickbacks to lenders in exchange for business. CFPB proposed consent orders against Genworth U.S. Mortgage Insurance Corporation (USMI), Mortgage Guaranty Insurance Corporation (MGIC), Radian Guaranty Inc., and United Guaranty Corporation (UGC) for their alleged roles in kickback arrangements. The proposed orders require the companies to pay $15.4 million in penalties to the bureau.

New private mortgage insurance business dipped in February, according to a monthly statistics report from Mortgage Insurance Companies of America (MICA), a trade association representing the industry. The report includes statistical data from three MICA member companies: Genworth Mortgage Insurance Corporation, Mortgage Guaranty Insurance Corporation, and Radian Guaranty Inc.

Mortgage Guaranty Insurance Corporation (MGIC) is now offering insurance rates and eligibility to lenders through LoanSifter, the Wisconsin-based mortgage insurer announced.

Private mortgage insurance dollar volume slipped month-over-month in January, according to data reported by Mortgage Insurance Companies of America (MICA). MICA member companies--Genworth Mortgage Insurance Corporation, Mortgage Guaranty Insurance Corporation, and Radian Guaranty Inc.--wrote $10.47 billion in primary new insurance in January, the trade association reported. That figure is down from December's reported $10.68 billion but a massive improvement over January 2012's $4.97 billion.

Private mortgage insurance activity saw a slight lift in December, according to Mortgage Insurance Companies of America's (MICA) monthly statistical report. Member companies wrote a combined $10.7 billion in primary new insurance on conventional loans in December, up from a reported $10.4 billion in November. Primary insurance in force was nearly $400.7 billion at the end of the year, with December marking the seventh consecutive month of increases.