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Inside Mortgage Finance

November 9, 2007

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Bulk MI Volume Drops Sharply in Third Quarter; PMI Clings to Top Ranking for 2007 Production

A sharp drop in bulk mortgage insurance business during the third quarter helped tighten the race for top private mortgage insurer through the first nine months of 2007, according to a new ranking and analysis by Inside Mortgage Finance... [Includes three charts] Read More

Private MIs Report Hefty Loss During Third Quarter; Analysts Say Industry is Undervalued

Private mortgage insurers turned in dismal earnings for the third quarter as investors spooked by the housing downturn routed the industry’s stock prices. According to a new analysis by Inside Mortgage Finance, the seven... [Includes one chart] Read More

House Financial Services Committee Approves Predatory Lending Bill That Raises Concerns for Mortgage Lenders

Modified legislation to strengthen mortgage consumer protections was approved by the House Financial Services Committee this week, although it appears the mortgage industry won few concessions in a bill that would significantly impact the subprime mortgage market... Read More

Regulators Expect Spike in Pricing Differences, Denial Ratios, as Credit Availability Contracts

As federally regulated institutions fill the void created by the subprime mortgage market melt-down, the banking agencies are warning of increased scrutiny of loan pricing differences and denial ratios between white and minority borrowers. Federal banking regulators... Read More

New York A.G. Cuomo Subpoenas Fannie and Freddie As Part of Broader Investigation into Washington Mutual

New York Attorney General Andrew Cuomo this week subpoenaed Fannie Mae and Freddie Mac and demanded each retain an independent examiner as part of his broader probe into Washington Mutual appraisals and mortgages. Last week, Cuomo filed suit against First American Corp... Read More

Cramdown Bill Markup Delayed Again After Partisans Fail to Reach Compromise

Markup of mortgage cramdown legislation was delayed again as the House Judiciary Committee this week adjourned without resolving partisan differences. The committee took up the bill, H.R. 3609, the Emergency Home Ownership and Mortgage Equity Protection Act of... Read More

Mortgage Industry, Feds Ratchet Up Effort To Reach Delinquent, At-Risk Borrowers

A coalition of financial counselors, servicers, investors and other mortgage market participants will begin next week the first phase of a multi-pronged initiative to reach borrowers who are having difficulty keeping up their monthly mortgage payments. The... Read More

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