New Firm Aims to Boost Mortgage Reinsurance Activity June 14, 2024 Monica Hogan Euclid Mortgage will offer managing general underwriter capabilities to reinsurance companies that want to take on residential mortgages.Read More
Loans With Primary MI Gain Share in First Quarter April 19, 2024 John Bancroft The share of mortgages with primary MI increased by 2.1% in the first quarter, based on agency MBS issuance.Read More
Agency Share of MI Activity Increases in Fourth Quarter February 16, 2024 John Bancroft New originations of loans with primary mortgage coverage fell off in the fourth quarter, with private mortgage insurers getting squeezed the most.Read More
FHA Share of MI Coverage Increases in 2023 February 1, 2024 Namrata Bhatia FHA’s share of the primary mortgage insurance purchase business grew from 25.7% in 2022 to 32.1%.Read More
Short Takes: loanDepot Waives Late Fees / Slow, Steady HPA / Profit for Dynex in 4Q / MI Benefits Workgroup January 30, 2024 Brandon Ivey loanDepot won't assess late fees for its servicing customers for January payments until after the end of the month.Read More
Share of Agency Business With MI Rises in 2023 January 19, 2024 John Bancroft The primary MI share in the agency market rose from 50.4% in 2022 to 62.9% in 2023.Read More
HUD Seeks More Funding to Address Housing Supply January 12, 2024 Monica Hogan Marcia Fudge, secretary of the Department of Housing and Urban Development, appeared Thursday before the House Financial Services Committee.Read More
Trends in Purchase-Mortgage Sector Vary in 3Q December 1, 2023 John Bancroft United Wholesale Mortgage ranked as the top producer of purchase mortgages in the first nine months of 2023 with $73.17 billion.Read More
Short Takes: Improving Outlook for Private MIs / PacWest Merges With Banc of California / Buyback on 1997 Mortgage / A Low for Home Sales December 1, 2023 Brandon Ivey and John Bancroft Fitch adjusted its outlook for the mortgage insurance industry from “deteriorating” to “neutral.”Read More
Trade Groups Renew Calls for Relief for FHA Borrowers November 16, 2023 Monica Hogan Seeing plenty of room in FHA's capital ratio, lender trade groups are calling for an end to FHA's requirement of MI for the life of the mortgage.Read More
RSS