The industry was not expecting the FHFA to give ground on 4% Tier I capital for Fannie and Freddie. Now for the big question: What does it mean for lenders?
All sectors of the MI market saw healthy increases in volume during the third quarter, with private MIs expanding their share and VA falling back slightly. (Includes three data charts.)
Private MI accounted for over half of the insured purchase loans sold into agency MBS during the third quarter, and the industry's share of insured refi business is up from 2019. (Includes three data charts.)
Private MIs posted bigger gains in new insurance written than FHA and VA during the second quarter. But soaring delinquencies and related expenses nearly wiped out industry earnings. (Includes three data charts.)
A big surge of conventional refinance loans helped private MIs boost their share of the insured agency market to 44% in the second quarter, although purchase loans continued to account for most PMI business. (Includes two data charts.)
HUD Secretary Ben Carson told lawmakers he will cooperate with an inquiry into whether a new policy prevents DACA recipients from receiving federally backed mortgage loans.
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