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Items Tagged with 'private mortgage insurance'

ARTICLES

  • Genworth cuts its mortgage insurance rates

    Markets compete: FHA vs. PMI
    Genworth Mortgage Insurance announced Wednesday it is reducing its national monthly and single premium borrower-paid mortgage insurance rates. Here are the details on the new rates, and what it means for the mortgage insurance market.
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  • Radian shakes up sales team to push for more business

    Adds former MBA Chair David Kittle, former FHLB of Des Moines VP Shelly Schwieso
    Private mortgage insurer Radian Group is making some changes to its sales team as it seeks to increase its market share in the mortgage space. Radian, which also offers risk management products and mortgage and real estate services to financial institutions, announced this week that it "reconfigured its sales team to create a unified focus on selling all Radian products and services."
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  • From HW Magazine

    Out of the basement and into a home

    With private mortgage insurance, Millennials don't need 20% down to buy
    For many basement dwellers, renting is not an attractive alternative to buying. That’s because the national rental vacancy rate has been declining for seven straight years. It is now 6.9% nationally, the tightest it’s been in more than thirty years. For professionally managed apartments, the vacancy rate is just 4.4%. As a consequence, rents are rising across the country faster than the inflation rate.
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  • Radian: New mortgage insurance written surges 43% in second quarter

    Restructures services business
    Despite recording a net loss for the second quarter, private mortgage insurer Radian Group managed to report a strong quarter for new mortgage insurance written. According to the company’s financial results, new mortgage insurance written surged 43% from the first quarter of 2017 and 11% from the prior-year quarter.
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  • Stearns Lending begins offering $1 million+ loans with only 10% down

    Loans also do not require mortgage insurance
    Last week, Stearns Lending announced that is was expanding by acquiring the mortgage production channels of Primary Capital Mortgage. On Wednesday, Stearns Lending announced another expansion, but this one isn’t an acquisition. Rather, Stearns is expanding its loan offerings to include a new mortgage offering for borrowers looking for million-dollar houses.
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  • A private mortgage insurer’s view on the FHA mortgage insurance premium suspension

    Genworth: What is it the government’s role in mortgage insurance?
    When the Department of Housing and Urban Development announced it suspended the reduction of FHA mortgage insurance premiums, it helped the private mortgage insurance market retain $10 billion in volume. Duane Duncan, head of Government relations at Genworth, gave an inside perspective of how the move impacts the private sector, whether it's reenacted or forever off the table.
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  • Radian posts record mortgage insurance written for 2016

    Net income drops from last year
    Despite a drop in net income, Radian’s CEO S.A. Ibrahim is still positive on the company’s results. The private mortgage insurer set new records for writing its highest volume of high-quality and profitable flow mortgage insurance business in Radian’s history.
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  • 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.
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  • 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.
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