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MGIC beats expectations, but new insurance written underwhelms

MGIC beats expectations, though new word created underwhelms april 23, 2019 RSS FEED No comments MGIC Investment Corp. posted better-than-expected first-quarter gain as waste were reduce than projected while net premiums came in higher.

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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MGIC beats expectations, but new insurance written underwhelms MGIC Investment’s fourth-quarter 2016 earnings beat our expectations and also improved year over year, primarily on the back of higher revenues, improved new insurance written and much lower expenses.. A luxury homebuilder has broken ground on the first.

The company met bottom-line estimates, but was shy of consensus on revenue. Perhaps hurting the stock today is the company’s promise to take any money saved from tax cuts and reinvest it back into.

"Synovus is exploring these strategic initiatives in response to, among other factors, regulatory expectations. a loss of $1.52 a share on revenue of $396.4 million. MGIC said new insurance written.

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New insurance written of $47.9 billion improved 11% from 2015. The insurer expects to write lower new insurance in 2017 than 2016 due to the current market conditions and a smaller origination market.

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FHFA launches resources for lenders serving Spanish-speaking borrowers  · The Federal Housing Finance Agency (FHFA), Freddie Mac (OTCQB:FMCC), and fannie mae (fnma/otc) together announce the launch of Mortgage Translations – a centralized clearinghouse of online resources to assist lenders, servicers, housing counselors, and other real estate professionals in serving limited english proficient (LEP) borrowers.

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MGIC Integrates Affordable Mortgage Insurance Rates within Optimal Blue – HomeReady, Home Possible and HFA Mortgage Insurance Rates Now Available through MGIC’s Interface in Optimal Blue –

Competition intensifies mortgage lenders’ negative profit outlook thestar.com is Canada’s largest online news site. From national coverage and issues to local headlines and stories across the country, the Star is your home for Canadian news and perspectives. Stay current with sports, business, entertainment stories and more at thestar.com.