An analogous share of shoppers used non-public mortgage insurance coverage as credit score enhancement within the first quarter in contrast with the prior 12 months, however just one underwriter exceeded $10 billion in new insurance coverage written.
This narrowed the market share unfold among the many six energetic underwriters, in response to information compiled by Keefe, Bruyette & Woods.
As a bunch, NIW totaled $57.9 billion, down from the fourth quarter’s $78.3 billion and comparatively flat with $58.2 billion produced within the first quarter of 2024.
Throughout the first quarter, lenders originated $384 billion, barely greater than $377 billion carried out one-year prior, in response to the Mortgage Bankers Affiliation. By items, 1.068 million had been produced within the interval ended March 31, in contrast with 1.076 million for a similar three months in 2024.
“MI administration groups throughout the business proceed to emphasize that pricing stays balanced and constructive, and that current improve in macro uncertainty has not considerably shifted pricing dynamics so far,” Bose George, an analyst at KBW, wrote within the earnings wrap report for NMI Holdings.
The next is a roundup of the primary quarter outcomes on the six energetic underwriters, in addition to some current business information.
