Arch and Genworth’s Higher Default Levels Result in Lackluster 2Q

National Mortgage News, July 31, 2020–Brad Finkelstein (subscription)
Higher levels of defaults, driven by the coronavirus, led to lower second-quarter earnings for the mortgage insurance units of Arch Capital and Genworth Financial. But new insurance written at both benefited from the low interest rate environment during the quarter.
https://www.nationalmortgagenews.com/news/arch-and-genworths-higher-default-levels-result-in-lackluster-2q