Mortgage Insurer 3Q Earnings Soar Even as Originations Declined
National Mortgage News, Oct. 31, 2018–Brad Finkelstein (subscription)
During the third quarter, there was an estimated $457 billion of originations, with $346 billion coming from purchases, according to the Mortgage Bankers Association. Earnings at four of the private mortgage insurers increased significantly over last year’s third quarter even as total mortgage origination volume shrunk during the same time frame.
