Things at Ocwen just went from bad to much, much worse

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane
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Items Tagged with 'Mortgage insurance'

ARTICLES

Genworth's mortgage insurance outpaces rest of business

Cutbacks coming in other operations
Brena Swanson
Despite current struggles in Genworth Financial's long term care insurance business, which is marring any earnings that it could have, the company’s mortgage insurance business offers a slice of good news.
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Radian 4Q net income surges to $428.3M

Beat revenue expectations
Brena Swanson
Radian reported a strong fourth-quarter, with its net income soaring to $428.3 million, or $1.78 per diluted share, compared to a net income of $36.4 million, or $0.21 per diluted share, for the same quarter a year ago.
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HUD's Castro grilled on FHA premiums, capital strength

Hensarling: "You are in violation of the law"
Brena Swanson
The Committee on Financial Services grilled the Secretary for the U.S. Department of Housing and Urban Development Julian Castro Wednesday morning to unveil the status of the housing regulator. And while there were members that supported the work, it quickly turned into a heated interrogation on the potential threat and impact to the America taxpayer.
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MGIC writes $2.9B in primary new insurance

Delinquencies slightly increase in January
Brena Swanson
MGIC Investment Corporation wrote $2.9 billion in primary new insurance in January, with its delinquencies marginally increasing compared to the start of the month.
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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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