Items Tagged with 'PMI'


  • S&P: Private mortgage insurance all set for another banner year

    The good times won't stop there, either
    Why such an upbeat outlook? Well, troubled vintages are winding down in an orderly fashion. Also, recent mortgages are comparatively high credit in terms of underlying quality. And it’s not just for 2017, as S&P predicts private mortgage insurers are set to enjoy robust earnings over the next few years. But, here's the catch.
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  • These housing experts will answer all of your Trump questions

    Join us for a FREE webinar and Q&A
    Hurry, the webinar is today! As the guard changes in Washington, so does the housing and mortgage finance industries we rely on for making our living. Do you have questions on what the Trump mortgage nation will look like? The editorial department at HousingWire gathered housing finance experts to answer all your questions. Don't miss your chance to get in on the action, completely FREE.
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  • Private mortgage insurance explodes, passes FHA

    PMI grabs market share from government
    Private mortgage insurance activity rose sharply in the second quarter, grabbing the lead in market share from the Federal Housing Administration for the first time since the first quarter of 2015, according to a client note from Compass Point Research & Trading. So does that mean it's more likely that the FHA could cut premiums again this year?
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  • Genworth Mortgage reduces rates for high-credit borrowers

    Stays competitive with FHA
    Genworth Mortgage Insurance announced on Tuesday that it will reduce its rates across all loan-to-value ratios for borrowers with credit scores of 740 and higher in order to better align with the industry. This move comes during a heightened time of competitiveness between PMIs and the Federal Housing Administration.
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  • Blackstone acquires ‘significant equity stake’ in mortgage insurer PMI Group

    Provides PMI Group with loan for right to take part in future equity offerings
    Blackstone is increasing its already substantial position in housing again, as funds affiliated with Blackstone Tactical Opportunities are set to acquire a “significant equity stake” in The PMI Group, a provider of mortgage insurance. PMI said that in connection with the purchase of a significant equity stake in PMI, Blackstone will provide PMI with a loan to be used for working capital.
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  • Goldman hired for Radian Asset selloff

    Pending private mortgage insurance rules speed up process
    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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