FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Items Tagged with 'Mortgage insurance'


FHA reaches capital mandate and here's what's next

Industry, legislators weigh in on FHA’s performance and future
The Federal Housing Administration surprised some observers Monday when it announced that its Mutual Mortgage Insurance Fund grew significantly in fiscal 2015, reaching its Congressionally mandated threshold of 2% well ahead of the FHA’s own projections. But what's next for the FHA? Another premium cut? Changes to its programs? The industry weighs in.
Read More

FHA business explodes: Reaches capital mandate for first time since 2008

Actuarial report shows MMI Fund at 2.07%, up from 0.41% in 2014
Flying directly in the face of speculation that the 50 basis point-cut of the Federal Housing Administration’s annual mortgage insurance premiums would negatively effect the health of the FHA’s Mutual Mortgage Insurance Fund, the FHA announced Monday that the MMI Fund actually grew significantly in fiscal 2015, reaching its Congressionally mandated threshold of 2% well ahead of schedule.
Read More

MGIC: Primary new mortgage insurance falls to $3.5B

Continues downward trend
Once again, primary new mortgage insurance dropped for the month and declined to $3.5 billion. This is compared to last month, which posted $3.9 billion in primary new mortgage insurance, and August, which posted $4 billion in primary new mortgage insurance.
Read More

Radian earns $70 million in third quarter

Mortgage insurance business steady
Mortgage insurance at the company remains steady. New mortgage insurance written was $11.2 billion for the quarter, compared to $11.8 billion in the second quarter of 2015 and $11.2 billion in the prior-year quarter.
Read More

Executive Conversation: Sal Miosi on developing targeted solutions for customers

MGIC is focused on customer engagement, credit enhancement solutions and new business opportunities
The benefit of having a high-level, cross-functional team lead our innovation efforts is that it shortens cycle times. We can move from idea to launch with speed because key parties are engaged at all points in the product design and implementation process simultaneously as opposed to serially.
Read More

Coming soon: Down payment insurance for borrowers

New program protects buyers against market downturn
A new program launching early next year will give borrowers the opportunity to protect their upfront investment in their home, just as lenders are able to do with mortgage insurance. Meet down payment insurance — for borrowers.
Read More