Rising Rates, Slowing Home Price Appreciation Result in Uptick in MI’s Flow Side, Decline in Bulk
Genworth Financial officials are expecting bulk coverage to decline and the flow side to perk up as mortgage interest rates rise and home price appreciation rates slow. In an investor briefing broadcast last week on the Web, officials predicted lower origination volume of loans with piggyback seconds, as well as exotic loan products, in the next several quarters. …