Articles Tagged with ''Mortgage insurance''

National MI preparing to promote Claudia Merkle to CEO

Will replace Bradley Shuster, who is shifting to executive chairman
For the first time since its founding in 2012, National MI will soon be under the leadership of someone other than Bradley Shuster. Shuster, who has served as CEO and chairman of the board since founding the company in 2012, will soon be stepping down as CEO and transitioning to executive chairman. Replacing Shuster will be Claudia Merkle, who the company promoted to president just a few months ago.
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Private mortgage insurance surges in Q2

New insurance written up 14% annually
Private mortgage insurance continues to surge, seeing a significant increase in new mortgage insurance written in the second quarter. New mortgage insurance business volume rose to about $80.3 billion, rising 14% annually and hitting a new post-crisis peak.
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Mortgage insurance companies report surge in Q2 earnings

Recent changes seem to work well for business
Mortgage insurance companies have had a busy year with many unprecedented changes, and the most recent earnings report shows those changes are paying off. This year, MI companies upped their game, growing more competitive against the FHA and one company even saw a record high in new insurance written.
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FHA: Life of loan policy to remain, but agency considering options

FHA commissioner says agency has discussed changes to life of loan policy
It looks like there won’t be any significant changes to the FHA's mortgage insurance program this year. Earlier this week, new FHA Commissioner Brian Montgomery told a group of reporters that there likely won’t be a cut to the FHA’s mortgage insurance premiums this year. And it appears that there won’t be any changes to the life of loan policy either.
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FHA commissioner: Mortgage insurance premium cut not likely in 2018

Brian Montgomery says premium cut probably not happening this year
The Federal Housing Administration broke a few hearts last year when it announced back in November that there would not be any cuts to its mortgage insurance premiums after its flagship insurance fund turned in a weaker-than-expected performance in fiscal year 2017. Those holding out hope for a cut to the FHA’s MI premiums this year should not be holding their breath, the FHA’s newly minted commissioner said Tuesday.
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China Oceanwide’s $2.7 billion acquisition of Genworth Financial clears one big hurdle

Receives approval from Treasury Department’s Committee on Foreign Investment
China Oceanwide Holdings Group’s $2.7 billion acquisition of Genworth Financial, one of the U.S.’s largest mortgage insurers, is now one step closer to fruition, as a governmental inter-agency committee that oversees foreign investment in the U.S. has cleared the deal.
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Radian announces decrease to mortgage insurance premiums

Borrowers to save an average 6%
Radian Group announced a decrease in its overall mortgage insurance premium rates. While some rate types could actually see an increase due to Radian’s changes, the average savings passed on to borrowers will be about 6%. Here’s everything you need to know about the new price changes.
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