Items Tagged with 'Mortgage insurance'


Radian, Arch MI 3Q results are in and they look good

Volume hits new record
Results for the third quarter of 2016 continue to pour in for the mortgage industry. The latest on the ticket are mortgage insurance companies Arch MI and Radian. The results from both company share a common theme: the mortgage insurance business is booming.
Read More

China Oceanwide buying Genworth Financial for $2.7 billion

Company plans to "strengthen" mortgage insurance business
Private mortgage insurance is booming right now, and one of China’s largest companies wants in. China Oceanwide Holdings Group announced Monday that it plans to buy Genworth Financial, one of the U.S.’s largest mortgage insurers, for $2.7 billion. Here's more on the deal and why the companies feel it's a win for both parties.
Read More

Executive Conversation: Justin Vedder on certified loans

Altisource addresses manufacturing risk on the front end with CastleLine Certified Loans
There is a lot of value in looking at the manufacturing risk upfront, particularly because it can significantly decrease the likelihood of future loss. Most investors price credit risk, so the certification process allows the investor community to get back to managing credit risk rather than focusing on manufacturing risk.
Read More

Arch MI launches Road to Homeownership toolkit

Designed to help lenders attract first-time homebuyer business
Arch MI's toolkit includes a customizable PowerPoint presentation outlining the mortgage process, interactive worksheets to calculate their financial eligibility and budget for a future home. “Our Roadmap to Homeownership enables lenders to reach out to, educate and encourage this audience by setting up their own home-buying seminar using the toolkit’s materials,” said Leslie Gibin, Arch MI’s vice president for client risk management.
Read More

Freddie Mac launches "Deep MI" credit risk-sharing pilot program

Plans to share even more risk with mortgage insurers
Freddie Mac announced Monday that it is prepared to take the next step in the government’s continuing efforts to shed some of the credit risk facing the government-sponsored enterprises through a pilot program featuring deep mortgage insurance. So, what does this mean? More mortgage risk will now be transferred to private mortgage insurance companies.
Read More

MGIC delinquencies down by more than 20%

What housing bubble?
While consumers are feeling less optimistic about the economy, and even fear a rising housing bubble, MGIC released data for August that shows delinquencies are actually decreasing. In fact, not only are they decreasing, but at significantly high rates compared to last year.
Read More