While the homeownership rate for people 25 to 34 years old remains well below the levels seen for that age group before the financial crisis, analysts at Fannie Mae note that the homeownership rate for millennials is starting to increase. Fannie defined millennials as those born between 1981 and 2000. Patrick Simmons, director of strategic planning in Fannie’s economic and strategic research group, turned to the Census Bureau’s American Community Survey to ...
Some 61.0 percent of loans securitized by Ginnie Mae in the first half of 2016 were purchase mortgages, compared to 46.2 percent for Fannie Mae and Freddie Mac…
The private MI share of new primary insurance rose 6.0 percentage points to 37.8 percent during the second quarter, while the FHA share fell 5.4 percentage points to 34.4 percent…
The boom in mortgage originations during the second quarter of 2016 pushed volume higher in all the major product categories, according to a new Inside Mortgage Finance ranking and analysis. The conventional-conforming sector saw the biggest increase in originations, a 36.0 percent jump from the first three months of the year. Lenders produced an estimated $272.0 billion of conventional-conforming mortgages, which represented ... [Includes two data charts]
American International Group early this week announced an agreement to sell its mortgage insurance subsidiary, United Guaranty Corp., to Arch Capital Group for $3.4 billion in cash and securities as part of AIG’s plan to become a leaner, more profitable insurer. As of the midway point in 2016, UG was the top private MI in traditional new insurance written, with an 18.8 percent share of the market. Arch MI ranked as the smallest of the seven active firms, with an ...
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