Looking back, the housing industry is totally Scrooged

Looking back, the housing industry is totally Scrooged

Here's the HousingWire/Star Wars Christmas 2014 special

FHA loans could face "tidal wave of defaults"

All indices hit series high

Another mortgage lender launches 3% down loan

Falls in line with FHFA
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Lending / The Ticker

Private mortgage insurers stage a comeback

Activity fueled by lower mortgage delinquencies

pile of paper

According to CNBC, private mortgage insurers (MI) have emerged from the deep abyss they fell into during the financial crisis, with six key MI firms writing nearly $49 billion in new business in the second quarter, up 27% from the first quarter. CNBC highlighted a few other successes within the firms' portfolios:

"Delinquencies are down, and the companies have recapitalized," said Bose George, an analyst at Keefe Bruyette & Woods. "At the same time, FHA is reducing its role in the market, so this has given them significant growth opportunities. ... The companies have reversed their position and are starting to show modest profitability."

Source: CNBC
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