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.)

The forbearance picture continues to brighten but if economic activity flattens, all bets are off for the fall.

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.

The jury is still out on FHA’s new forbearance policy but the early reviews haven’t been good. Still, it’s better than nothing. Right?

With the reopening of states, lenders are optimistic the purchase-mortgage market will stabilize.

Based on two deals announced this week, it’s apparent that capital markets investors are open to investing in MI firms during the pandemic.

Heavy refinance activity pushed FHA and VA endorsements higher in the first quarter of 2020, while private MIs raised prices and braced for the impact of COVID-19. (Includes three data charts.)

The House Financial Services Committee has asked servicers to disseminate consistent information about pandemic-related forbearance options.