The six private mortgage insurers had the smallest
During the quarter, the industry produced $79.8 billion of new insurance written, a 2% drop from one year ago, when they did $81.7 billion, according to data compiled by Keefe, Bruyette & Woods.
The last time the six companies reported annual increase of NIW was in the second quarter of 2021. Since then, largely in conjunction with the decline in mortgage origination volumes, NIW dropped off by double-digit percentages for each period until now.
Compared
Meanwhile, in an industry where maintaining market share has become volatile in the era of
The gap between the No. 1 underwriter and the No. 6 was $1.4 billion. In the first quarter, it was $3.2 billion, in the fourth quarter, it was $2.1 billion (on NIW of $59 billion) and the year prior, the gap was $5.4 billion.
Here is a look at the second quarter earnings reports at the six active underwriters:
