MGIC Investment Corp. (MTG)

[tommiegun53]

BYE BYE NEW INSURANCE WRITTEN(NIW) FOR 2017

With new insurance written(NIW), drying up faster than water on black car in the sun), some Private Mortgage Insurance(PMI) companies will face challenges, as competition heat up and, profit margins decline.

"By JANN SWANSON
MORTGAGE NEWS DAILY

Refinance Share Back to 2008 Levels
Decrease Font SizeTextIncrease Font Size Mar 29 2017, 6:46AM
Mortgage applications saw a third straight decline in volume during the week ended March 24. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, was down 0.8 percent on a non-seasonally adjusted basis compared to the previous week, and 0.4 percent week unadjusted.

Applications for purchase mortgages increased during the week, but those gains were offset by further erosion in refinancing; the Refinance Index fell by 3 percent for the second consecutive week. The seasonally adjusted Purchase Index rose 1 percent from the week ended March 17 and the unadjusted Index was up 2 percent. The Purchase Index was 4 percent higher than during the same week in 2016."