Items Tagged with 'Mortgage insurance'


  • Radian continues restructuring; sells European mortgage services business

    Offloads Clayton EuroRisk to unnamed buyer
    Over the last several months, private mortgage insurer Radian Group has undertaken a restructuring effort in its services business, which is conducted through its principal subsidiary Clayton, and Clayton’s subsidiaries: Green River Capital, Red Bell Real Estate and ValuAmerica. On Wednesday, the company announced the latest move in its restructuring efforts.
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  • Genworth: 3% down mortgages key to lock in first-time homebuyers in 2018

    Where will credit expand in 2018?
    With overall mortgage originations projected to decrease in 2018, mortgage lenders are looking to first-time homebuyers to make up a large portion of their business. According to a new survey from Genworth Mortgage Insurance, the majority of lenders anticipate strong first-time homebuyer growth in 2018. So what type of mortgage products will they choose?
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  • Bill introduced to eliminate FHA life of loan insurance premium

    Rep. Maxine Waters authored bill; supported by NAR, CHLA, NAHREP
    Could the Federal Housing Administration’s life of loan insurance requirement soon be a thing of the past? Cutting the life of loan policy, which requires most FHA borrowers to maintain mortgage insurance throughout their entire loan term, is a change that many in the housing business have wanted for years, and now, eliminating that policy is officially on the table, thanks to a newly introduced bill in Congress.
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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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  • Old Republic mortgage insurance business continues to unwind as title insurance grows

    MI business posts further declines in earned premiums
    While Chicago-based Old Republic International Corporation pulled away from the mortgage insurance business, it's finding success in its title insurance business. ORI attributed the success in the second quarter and first half of the year to greater profits in its Title Insurance Group.
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  • Radian kicks off 2017 with higher net income and new mortgage insurance written

    Thoughts from Radian’s new CEO
    Mortgage insurer Radian Group started the year off with success in several key parts of its business, including increasing its net income from last year. The other two key areas of growth were Radian’s book value and new mortgage insurance business written. Radian’s new CEO, Rick Thornberry, gives his thoughts on the earnings.
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  • Radian: New mortgage insurance written jumps 25% in first quarter

    Refinance share of mortgage insurance shrinks
    Radian Group's new mortgage insurance written jumped 25% in the first quarter 2017, helping drive a strong start to the year. And that isn’t the only area Radian improved. The private mortgage insurer’s total primary mortgage insurance in force increased from last year, while its total number of primary delinquent loans decreased from last year.
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