MGIC beats expectations, but new insurance written underwhelms

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One Nomura trader convicted, one cleared at bond fraud trial The three former Nomura Holdings Inc. bond traders on trial for lying to their customers. including the former Nomura traders. Litvak was convicted in January of one of 10 counts of securities.

MGIC Magic Minute | Mortgage Insurance Cancellation  · MGIC saw its net income and new insurance written spiral in the fourth quarter. New insurance written saw losses of nearly 30% from the last quarter. However, this drop was not unexpected, and the company CEO focused on the positive aspects of the report.

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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 –

Construction loan closing times drop after tech update: Ellie Mae The average time to close FHA (Federal Housing Administration), Conventional and VA loans all increased to 49, 49 and 50 days, respectively, Ellie Mae reports. The surge in closing time could be due to lenders adjusting to the new RESPA-TILA (Know Before You Owe) federal rules, which are meant to make mortgage terms easier to understand for borrowers.

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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