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Items Tagged with 'Mortgage insurance'

ARTICLES

Arch MI launches new mortgage insurance company

Given financial strength rating of ‘A3’
Brena Swanson
Arch MI announced it is opening a new mortgage insurance company right as the market starts to increase focus in that area due to new regulations. The new company, AMG, is a mortgage insurance company specifically created for mortgage loans that originators intend to retain in their portfolios or include in private securitizations and is not subject to GSE requirements.
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MGIC 4Q net income soars to $74.4M after a net loss last year

Beats on revenue and EPS
Brena Swanson
MGIC’s earnings reversed course after last year’s net loss, reporting fourth-quarter net income of $74.4 million, compared with a net loss of $1.4 million for the same quarter a year ago.
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Lower FHA Fees: The right policy at the right time

Could bring homeownership to 2 million renters
Chris Polychron
Realtors support responsible lending to qualified buyers; this is essential for building strong communities. This mortgage insurance reduction is not about repeating the mistakes of the past, in which underqualified buyers received loans they could never repay.
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FHA insurance reduction will boost housing, maybe

Is it truly a major step?
Lynn Effinger
While many think that the reduction will help millions of families save billions of dollars in mortgage payments, not everyone does. And in fact, the dent might be rather small.
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It’s official: Obama to direct FHA to cut mortgage insurance premiums

Congressional pushback imminent
Trey Garrison
It's official now, the White House confirms to HousingWire it is going to direct the FHA to cut premiums by 0.5%. Here are the details, and what's next.
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Radian: Mortgage delinquencies steadily decrease

Writes more private mortgage insurance
Brena Swanson
Private mortgage insurer Radian continued to grow, writing $3.43 billion in new primary mortgage insurance in December 2014.
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18 Senators, mortgage bankers tell HUD: Time to lower FHA premiums

Letters cite health of MMIF as reason for lowering fees
Ben Lane
A group of 18 U.S. Senators and the Mortgage Bankers Association both sent letters to the U.S. Department of Housing and Urban Development on Thursday, stating that the time has come for the Federal Housing Administration to lower its mortgage insurance premiums.
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Barclays: New Fannie, Freddie mortgages will take business from FHA

Low-down payment loans getting competitive
Jacob Gaffney
To be sure, these are two different business models: Fannie and Freddie securitize mortgages while the FHA insures them. The low down payment will require private mortgage insurance, but that isn't the only way it could take business from the FHA.
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Big claim: Private mortgage insurance saves homeowners up to $12,000

WalletHub highlights stark differences in FHA, private MI
Trey Garrison
With new lending guidelines out from the GSEs, the stark differences between FHA and private mortgage insurance is all the more evident. Here's how much it costs.
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FHA mortgage insurance premiums won’t be going down in 2015

Good news for private mortgage insurance
Trey Garrison
Despite the Federal Housing Administration showing improvement in its financial house, it’s unlikely FHA mortgage insurance premiums will be going down in 2015.
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