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Items Tagged with 'Mortgage insurance'


Will bankers get easier mortgage insurance rules?

Plans could make borrowing less affordable
Brena Swanson
The Federal Housing Finance Agency’s request for public comment closed on Monday. But before it could, banks along with MGIC cautioned that the plan would make borrowing less affordable for homebuyers unless it is revised.
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National MI appoints William Leatherberry general counsel

Brings more than 20 years of corporate legal experience
Ben Lane
Leatherberry joins National MI from Century Aluminum, where he served as executive vice president, chief legal officer, general counsel and secretary.
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Goldman hired for Radian Asset selloff

Pending private mortgage insurance rules speed up process
Brena Swanson
Radian hired Goldman Sachs to evaluate interest in its financial guaranty business Radian Asset, according to Radian. The company has been in the runoff since 2008.
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Executive Conversations: Richard Izen of Arch MI on PMIERs

Arch Capital becomes a direct provider of mortgage insurance
Sarah Wheeler
We fully support these important efforts by the GSEs and FHFA to set standards for approved mortgage insurers.
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MGIC: Delinquencies on file drop in June

Writes $3.2 billion primary new insurance
MGIC Investment Corporation wrote $3.2 billion primary new insurance in June, a jump from $2.8 in May.
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FHFA seeks to reduce private insurance risk

Calls for input on draft requirements
Brena Swanson
The Federal Housing Finance Agency is trying to reduce its credit risk after taking a giant hit from the financial crisis. As a result, it is seeking input on drafting new requirements that would apply to private mortgage insurance companies.
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Tight credit standards, high FHA rates could be a boon for private mortgage insurers

Market share has nearly tripled in four years
Ben Lane

With purchase originations expected to hit the highest level since 2008, private mortgage insurers are about to be in prime position to reap the benefits.“We expect that the recovery in the housing market and the resulting increase in purchase originations mean that private MIs should see a boost in business,” said Bradley Shuster, president and CEO of NMI Holdings, Inc.

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Cash Flow Worksheets offer efficient, compliant answer
MGIC Mortgage Insurance
Correctly evaluating the income of self-employed borrowers is a challenge for mortgage lenders and underwriters, who are under more regulatory pressure than ever. To meet the need for a simple, accurate process, MGIC has developed its editable, Cash Flow Worksheets, which guide users through an easy-to-use form with line-by-line instructions. (An HW PartnerDirect article)
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From HW Magazine

Radian: Back from the brink

Will the mortgage insurer falter in a crowded space and as housing loses momentum?
Mortgage insurance has always been an interesting sector for investors -- and at times, a maddening one to understand. Yet, at the core, mortgage and related insurers are driven by a simple dynamic: how much revenue they can generate off of policy underwriting and premiums, and the loss experience they face against those same policies.
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Fewer mortgage defaults drive MGIC profit

Expenses are also down at mortgage insurer
Jacob Gaffney
"I feel the company is in an excellent position to take advantage of the housing recovery," said Curt Culver, CEO of MGIC.
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