The younger generation appears ready to take the plunge into the housing market, but finding an affordable home and gaining access to credit remain the top challenges, especially when it comes to African-Americans and Latinos, according to some experts. Mark Fleming, chief economist with First American, sponsor of a housing forum on Capitol Hill this week, said the way mortgage credit is formulated today doesn’t necessarily fit the type of ethnically diverse, millennial borrower of the future. “Ethnically diverse communities tend...

The privately held Quicken Loans was also the biggest originator of government-insured loans, accounting for 5.7 percent of the sector.

For all of 2015 Radian predicts that it will pay $700 million in net claims, but next year that figure could fall to as low as $400 million.

Meanwhile, the volume of securitized retail loans was down 3.6 percent from the second quarter.

Its captive insurance affiliate, CYS Insurance Services, became a member in the FHLB of Cincinnati in March of this year.

Mike Fratantoni, chief economist at the MBA, said the purchase market could keep growing right off the end of the forecast table.

During his career, Chris Nard also headed ORI’s mortgage insurance division, Republic Mortgage Insurance.

The CSP joint venture is staffed and “no longer living like poor cousins” at the GSEs themselves.

Over the next few weeks, publicly traded real estate investment trusts that specialize in residential mortgages will begin reporting third quarter earnings and the outlook is hardly rosy. “Another difficult quarter for mREITs is behind us,” wrote Keefe, Bruyette & Woods analyst Michael Widner and his team of researchers. “Rate uncertainty has been and remains the sector’s biggest challenge.” In other words, the slow march downward in rates has been...

The good news is that mortgage industry forecasters now see a much stronger originations market in 2016 than they did just a few months ago. But loan production is still expected to drop from 2015 levels. The consensus projection from economists at Fannie Mae, Freddie Mac and the Mortgage Bankers Association is that single-family mortgage originations will total $1.376 trillion next year. Back in May, the average forecast was $1.208 trillion. Estimates have ... [Includes one data chart]