MGIC: Primary new mortgage insurance continues to drop

Primary new mortgage insurance slipped to $4 billion, according to MGIC Investment’s August operational summery of its insurance subsidiaries for its primary mortgage insurance.

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MGIC Investment Corporation (NYSE: MTG) is the parent company of Mortgage Guaranty Insurance Corporation (MGIC), a preeminent mortgage insurer. Established in 1957, MGIC is not only the leader, but also the founder of an industry that has helped millions of families achieve the dream of homeownership.

"As we continue to define new ways of supporting the private mortgage insurance needs of our customers. At April 30, 2019, MGIC had $212.5 billion of primary insurance in force covering over one.

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.

And while the quality of the new business remains outstanding and our industry continues. mortgage insurance to MIC in seven states. The jurisdictions that MIC writes in are subject to change based.

Mortgage Guaranty Insurance Corporation "MGIC. by making affordable low-down-payment mortgages a reality. At April 30, 2019, MGIC had $212.5 billion of primary insurance in force covering over one.

 · Mortgage rates are dropping to fresh lows. July could provide some of the lowest rates seen in over 2 years. This is the chance mortgage rate shoppers have been waiting for.

Mortgage protection insurance provides the financial stability your family will need to continue paying the mortgage to keep their home. Mortgage protection insurance typically covers the family for a set number of payments that generally matches the lifetime of the mortgage.

Mortgage insurance by MGIC – whether borrower paid or lender paid – helps you serve your customers by making homeownership more affordable for them.

No PMI Required. One thing all VA borrowers have in common is they’re able to save money each month that other homeowners miss, allowing them to pay down debt, cover regular expenses or pay down their principal, which can shave years and thousands of dollars in interest from their mortgage.

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MGIC Investment Corp. announced that its Mortgage Guaranty Insurance Corp. subsidiary has filed a lawsuit in Federal District Court in Milwaukee against Freddie Mac and the Federal Housing Finance.