The deduction for mortgage insurance premiums and a tax break on forgiven mortgage debt had expired at the end of 2017 while funding for the National Flood Insurance Program was set to elapse on Dec. 20.

Mortgage insurer Radian recently modified the severance agreements it has with certain executives, boosting termination pay to 150% from 100%. Of course, this only applies if it’s a “qualifying termination event"...

Thornberry first joined Radian in February 2017. The MI ranks second in insurance-in-force and new insurance written...

FHFA Director Mark Calabria: "That might be fine for a normal company, but these are companies that are in conservatorship. They’re essentially in bankruptcy.” 

The number-one-ranked MI firm has a market share of 19.6%. The number-five-ranked shop is at 16.1%. Quite a foot race…

Based on third quarter figures compiled by Inside Mortgage Finance, FHA lending accounts for 10.17% of the overall first-lien origination market.

October was also unusual because the flow of VA loans into Ginnie MBS exceeded the intake of FHA loans. That’s the first month of VA supremacy over FHA since the beginning of 2017 and perhaps in Ginnie’s history.

The FHA program saw the slowest gain in FTHB business, up just 13.6% from the previous period…

Ginnie Mae MBS issuance totaled $50.4 billion in August, the best monthly reading of the year…

The lifting of the sanctions comes amid a recent report by Bloomberg that New Day Chairman Emeritus Joe Murin might be a candidate to be the next permanent president of the government guarantor.