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Volume 29 - Number 6

February 10, 2012

Downloads Available: Private MI Total Volume in 2011 - 12M 2011

Downloads Available: Private MI Primary New Insurance Written by Quarter - 4Q11

Downloads Available: Primary Mortgage Insurance Activity - 4Q11


Private MI Regains Some Market Share in 2011, Radian Tops Industry Ranking for First Time

Despite watching two long-time competitors shoved to the sidelines by eroding reserves, private mortgage insurers continued a slow rebound from near-irrelevance just two years ago, while crowning a new market leader for the first time since 1994. Exactly who the new industry leader isn’t clear. Most private mortgage insurers include Home Affordable Refinance Program loan originations in the new insurance written figures that they report to Inside Mortgage Finance. However, United Guaranty has declined to participate in our survey, and the numbers released by AIG, the MI’s...(Includes three data charts)

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Poll

Are current mortgage underwriting standards too tough?

Yes, they don’t reflect current market conditions and need to be adjusted to allow borrowers with below 700 FICO scores and smaller downpayments to qualify for mortgages.
Yes, and something needs to be done to significantly reduce repurchase or buyback risk so that lenders don’t apply even tougher underwriting overlays.
No, the standards are appropriate given current risks and the major default problems the mortgage market has experienced over the past several years.

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