Jeb Bush: Current housing and debt situation unsustainable

Jeb Bush: Current housing and debt situation unsustainable

Is the clock ticking on the 30-year mortgage?

Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance

Existing home sales crater in April, falling 3.3%

Spring buying stalls out after strong March performance
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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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