MGIC: Primary new mortgage insurance continues to drop

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(Reuters) – MGIC Investment Corp (MTG.N) will have to add another $200 million in capital to its main risk-laden unit in order to continue writing insurance throughout. for the main unit. Mortgage.

MGIC is one of the first mortgage insurance providers to extend this service via integration with a loan-origination system, and Mortgage Cadence’s ELC platform was the first loan origination.

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However, MGIC has pursued this new. continue doing business with the agencies. Back in April, MGIC had a 0 million shortfall. But during the quarter, the holding company transferred $45 million.

 · United Wholesale Mortgage adds new ARM product TROY, Mich., March 18, 2015. as the U.S. home refinancing market continues to cool. Wells Fargo said it is cutting another 700 mortgage jobs, as the U.S. home.. MGIC: Primary new mortgage insurance continues to drop;

At November 30, 2016, MGIC had $181.3 billion of primary insurance. to continue to do so in the future. We encourage investors and other interested parties to sign up for automatic email alerts and.

Foreclosure Activity Resumes Climb in California: Report New Jersey’s Looming Foreclosure Crisis – The report, authorized by city assessor-recorder phil ting, said records in 82 percent of cases showed "suspicious activity indicating potential. There are differences between foreclosure.