Essent Group announced that its wholly owned subsidiary, Essent Guaranty has obtained $424.4M fully collateralized excess of loss reinsurance coverage on mortgage insurance policies
written by Essent in 2017 from Radnor Re 2018-1 Ltd., a newly formed Bermuda special purpose insurer.
The 'AAAsf' rating assigned to the Class A2-R notes is supported by the credit enhancement provided by the subordinate Class AB, AC and B notes; the lender's mortgage insurance policies
; the liquidity facility, which is equivalent to 3.4% of the outstanding note balance; and CBA's mortgage underwriting and servicing capabilities.
Under the Arizona order, PMI Mortgage Insurance and PMI Insurance may issue mortgage insurance policies
under pending commitments through the close of busi ness on Sept.
Internet- based moneysupermarket.com reckons consumers waste pounds 245million a year on overpriced mortgage insurance policies
which pay home loans when borrowers are ill, injured or made redundant.
In addition, Radian Guaranty, Inc., has announced a comprehensive discount program for mortgage insurance policies
ordered through its MI Online system.
Mortgage insurance policies
can offer peace of mind--but are they worth the cost?
The Government and the insurance industry have agreed to work to ensure the lifting of a "benefits trap" threat to 15 million people who have taken out loan and mortgage insurance policies
against the threat of job loss, it was announced last night.
Despite these issues, mortgage insurance policies
are being written in record numbers.