Even though their businesses depend on Fannie and Freddie, private mortgage insurance providers don’t seem worried about the Trump administration’s efforts to release the GSEs from conservatorship.

The VA, FHA and even private MIs posted big gains in writing insurance for refinance loans in the fourth quarter while purchase-mortgage business saw a seasonal decline. (Includes four data tables.)

Agency refis with primary MI skyrocketed in the fourth quarter of 2024 while purchase-mortgage business declined somewhat. Lenders tightened underwriting standards on refis as volume flowed. (Includes three data tables.)

The new regulation will allow the costs of reinsurance to be passed down to homeowners and potentially increase coverage in high-risk areas.

With the latest MMIF audit showing a strong capital reserve ratio, the FHA commissioner said it’s probably time to take action on pricing.

MGIC saw a significant gain in market share during the third quarter, but private MIs overall lost ground to FHA and VA due to surging refinance activity. (Includes four data tables.)

While still offered, piggyback loans are relatively rare in today’s high-interest-rate environment.

A rising tide of purchase mortgage lending floated a lot of boats in the second quarter, and expanded the market share for private MIs. (Includes four data tables.)

FHA purchase-mortgage volume increased 21.4% from the first to the second quarter, based on agency MBS activity. But GSE volume — both with and without private mortgage insurance — increased by more. (Includes three data tables.)

Researchers find that the climate-related increase in flood damage will boost the cost of subsidizing federal mortgage programs by 44% over the next 30 years. That doesn’t include the costs to homeowners, lenders, insurers or MBS investors.