The lender becomes liable for the indemnification payment if the property goes into foreclosure and results in a claim to the Mutual Mortgage Insurance Fund.

All three agencies recorded declining purchase-mortgage volume...

The new unemployment report from Uncle Sam is out Friday morning. It will not be pretty...

To boost public issuance of non-agency MBS, the SEC is considering changing disclosure norms for the transactions...

But the first quarter was just a prelude to the crescendo of refinance activity in April and May. A whopping $323.4 billion of refi loans were securitized by the GSEs and Ginnie during the past two months...

The California-based lender said it has satisfied "all" margin calls and obligations under its warehouse facilities...

The top contributors to the deal include Athas Capital Group with a 33.2% share and Sprout Mortgage at 30.8%...

The stock sale comes at an interesting time for the mortgage industry in general and MIs in particular...

The ultimate goal: to reduce the number of authorized shares, which should result in a sizeable increase in the company’s share price.

As one East Coast-based banker put it: “Before the pandemic exploded, I had eight or nine new customers lined up I wanted to bank. Right now, that’s on hold until this passes.”