Items Tagged with 'Mortgage insurance'

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Radian kicks off 2017 with higher net income and new mortgage insurance written

Thoughts from Radian’s new CEO
Mortgage insurer Radian Group started the year off with success in several key parts of its business, including increasing its net income from last year. The other two key areas of growth were Radian’s book value and new mortgage insurance business written. Radian’s new CEO, Rick Thornberry, gives his thoughts on the earnings.
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Radian: New mortgage insurance written jumps 25% in first quarter

Refinance share of mortgage insurance shrinks
Radian Group's new mortgage insurance written jumped 25% in the first quarter 2017, helping drive a strong start to the year. And that isn’t the only area Radian improved. The private mortgage insurer’s total primary mortgage insurance in force increased from last year, while its total number of primary delinquent loans decreased from last year.
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Urban Institute: Suspending the FHA mortgage insurance premium cut is a good idea

3 ways the cut impacts the mortgage market
Taking the suspension one step further, the Urban Institute posted a blog on the recent HUD announcement, stating that not only is the suspension a good idea but it should be stopped until the FHA Mutual Mortgage Insurance Fund can build up more money. Unlike those who are arguing that suspending the cut is leaving thousands of borrowers on the sidelines, the blog says, overall, it’s not the best option.
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MGIC 4Q net income jumps to $107.5 million

Expects slightly tougher year in 2017
MGIC recorded a strong fourth quarter, posting net income of $107.5 million, or $0.28 per diluted share, which beat estimates by $0.06. However, Patrick Sinks, CEO of MTG and its primary subsidiary MGIC, explained that while the company achieved strong financial result in 2016, 2017 is not forecasted to go as well.
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Ben Carson pledges to "really examine" latest FHA mortgage insurance premium cut

Confirms that Trump team was not consulted on Obama administration’s decision
Earlier this week, Julián Castro, the outgoing Secretary of the Department of Housing and Urban Development, told reporters that he does not expect the incoming Trump administration to repeal HUD’s decision to cut Federal Housing Administration mortgage insurance premiums. On Thursday, Ben Carson, President-elect Trump's choice to lead HUD, said the the incoming administration plans to "really examine" the Obama administration's decision before determining a course of action.
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FHA cuts mortgage insurance premiums again

"Most new mortgages" will see cut of 25 basis points in annual premiums
When the FHA announced late last year that its flagship fund, the Mutual Mortgage Insurance Fund, grew for the fourth straight year, it led many to question whether we would see a cut to mortgage insurance premiums again. Now we have an answer.
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