you are viewing a single comment's thread.
1st quarter is always slower..... you need to get your expectations in check. Read the 10k
It's a new day Sir, we don't have ORI, or PMI anymore.In addition, the PMI marketshare has doubled over the last two years. As FHA raises it's premiums more borrowers have come to the private mortgage insurance industry.Also, mortgage originations are at a 20 month high currently.So Sir, you need to get updated, do more research and update your outlook.
Heres some data:http://www.mortgagedaily.com/Fundings.aspBut one thing is clear, Radian is picking up the slack left by The PMI Group, and Old Republic Insurance exiting NIW.And, Radian is not backing down, they have made the NIW as their main priority.They sold their Muni Bond unit to generate new capital to keep expanding their NIW portfolio.