MGIC beats expectations, but new insurance written underwhelms mgic Investment Corp. posted better-than-expected first-quarter earnings as expenses were lower than projected while net premiums came in higher.

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 · MGIC Investment Corp. MTG reported second-quarter 2016 adjusted net income per share of 26 cents, which outperformed the Zacks Consensus Estimate of.

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New insurance written however was less than anticipated. Even with the lower interest rate environment for most of the period, MGIC’s new insurance written of $10.1 billion came in well below B. Riley FBR analyst Randy Binner’s $12.6 billion estimate, as well as under the $10.5 billion estimate from Keefe, Bruyette & Woods analyst Bose George.

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Manhattan homebuyers make fewest first-quarter deals since 2009 Manhattan homebuyers make fewest first-quarter deals since 2009 – Manhattan’s would-be homebuyers are in no rush to make deals, while the number of condos and co-ops on the market continues to rise. Purchases dropped for a sixth straight quarter in the first.

MGIC Investment Corp News, Research and Articles. MILWAUKEE, May 21, 2019 /PRNewswire/ — Blue Sage, developers of the only browser-based, end-to-end lending technology designed to provide borrowers with a digital mortgage experience, and Mortgage Guaranty Insurance Corporation (MGIC) (NYSE: MTG), the nation’s first private mortgage insurer, jointly announced today the availability of MGIC’s.

MGIC Investment Corporation (MTG) reported fourth-quarter net income of $74.4 million, compared with a net loss of $1.4 million for the same quarter a year ago. Diluted net income per share was $0.

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Net written premiums of $5.864 billion were comparable to the prior year period, benefiting from positive renewal premium changes, strong retention and increases in new business volumes in each.

GSE rep and warrant relief tools will improve underwriting: Fitch The new structure includes providing lenders rep and warranty relief for loans having 36 months of consecutive, on-time payments; Home Affordable refinance program loan rep and warranty relief after only 12 months of an ‘acceptable’ payment history; information to lenders for exclusions to rep and warranty relief such as for violations of.

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