With the recent completion of a major acquisition, Arch Mortgage Insurance Co.’s book of business skyrocketed and delinquency deteriorated.
Arch Capital Group LTD, the parent of the mortgage insurer, disclosed in its fourth-quarter 2015 earnings report pre-tax income of $83 million.
Profits sank from the $317 million that was generated in the previous three-month period but improved from $39 million one year previous.
Source: Mortgage Daily
