MGIC’s 2Q income up as losses were lower than forecast

Pfizer Inc. posted a 25 percent jump in second-quarter net income tuesday due to aggressive cost cutting and lower restructuring and other. Early sales losses to two generic versions were slowed by.

markets. In addition, low reinvestment yields led to a decline in in-come from debt securities; also, operating realized gains/losses (net) decreased as a result of lower debt realizations.

Delinquency rate hits record low, foreclosures keep falling Manhattan homebuyers make fewest first-quarter deals since 2009 Mortgage applications drop for second consecutive week The unemployment rate held at 8.2 percent last month and hasn’t been below 8 percent since January 2009. situation – improve their credit, make more money or get someone to co-sign with them.”.In October 2018, 4.1 percent of home mortgages were in some stage of delinquency, down from 5.1 percent a year earlier and the lowest for the month of October on record. rate, includes all home.

On the negative side, 2Q’s sales undershot. Jun-16 quarter as revenues were slightly lower than Street estimates, but the Company beat consensus EPS by $0.06. For the Sep-16Q guidance, the company.

MILWAUKEE, April 23, 2019 /PRNewswire/ — MGIC Investment corporation (nyse: mtg) today reported operating and financial results for the first quarter of 2019. Net income for the quarter was $151.9 million, or $0.42 per diluted share, compared with net income of $143.6 million, or $0.38 per diluted share for the first quarter of 2018.

PDF FAQ on Earnings Presentation for FY2019 2Q – – As for operating income, as shown on slide p.4 of the presentation materials, the approximately 8 bn.0 decline in profit was mainly due to 1) decreased sales (around 5.0 bn) and 2) a worsening variable cost ratio because of a temporary rise in procurement costs (nearly 3.0 bn). However, fixed costs were held down lower than forecast,

Lenders scolded for climate ignorance in ‘insane’ Florida deals NEW YORK CITY-Mission Capital Advisors, based here, has begun soliciting indicative bids on a $221.4-million portfolio of loans and REOs for a regional bank, secured by real estate assets in Florida.

MILWAUKEE, July 18, 2018 /PRNewswire/ — MGIC Investment Corporation (nyse: mtg) today reported operating and financial results for the second quarter of 2018. Net income for the quarter was $186.8 million, or $0.49 per diluted share, compared with net income of $118.6 million, or $0.31 per diluted share for the second quarter of 2017.

More high-end deals targeted by revised anti-fraud reporting rule

Mortgage payments as a percent of household income sit at a decades-long low.. in 2018 were less than 1 bp of its insurance in force. My 10 bp credit loss forecast is therefore 10x the industry.

Top Producers in the West reveal a strong dependence on cash-out refis Cash-out refinances were up 68% year-over-year from the second quarter of 2014, as borrowers take advantage of still-low rates and newfound equity in their homes, according to Black Knight Financial Services. This is the highest volume of cash-out refinancing in five years, but still nearly 80%

Mortgage MondaysMortgage Insurance | MGIC – Mortgage insurance by MGIC – whether borrower paid or lender paid – helps you serve your customers by making homeownership more affordable for them.

New-home sales declined in April as demand fell in West Sales Price. The median sales price of new houses sold in June 2018 was $302,100. The average sales price was $363,300. For Sale Inventory and Months’ Supply. The seasonally-adjusted estimate of new houses for sale at the end of June was 301,000. This represents a supply of 5.7 months at the current sales rate.Credit availability remains limited The report, "Banking System Outlook — Germany; Outlook remains stable but persistent. OBLIGATIONS ADDRESSED BY MOODY’S RATINGS. CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT.

While interest rates have spiked up from a month ago (the red line), they are meaningfully lower than. losses in June may have been perpetuated by window dressing. Institutions did not want to be.

FILE- In this Thursday, July 12, 2012, file photo, Centrum multivitamins are shown on the packaging line at the Pfizer plant in Montreal. Pfizer Inc.’s second-quarter net income jumped 25 percent as sharply lower costs for production, marketing and restructuring more than offset a plunge in revenue from cholesterol fighter Lipitor caused by generic competition.