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Inside Mortgage Finance

August 12, 2010

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Private MIs Continue Regaining Market Share From FHA, Performance Slowly Improves

It may take a while before the private mortgage insurance industry is profitable again, but the sector has continued to regain some ground lost to the FHA and company financials are gradually starting to brighten. New primary insurance written by the six active private MIs surged up... [Includes two data charts] Read More

MBA Projects Operating Profits in Fiscal 2010, Revenues Growing Despite Reduced Membership

The Mortgage Bankers Association is projecting that it will have positive net operating income for its fiscal year ending in September, reversing a two-year skid from declining membership and program revenue. Trade group officials estimate... Read More

HUD, Congress Scramble to Keep FHA Reserves Above Water; Premium Changes Are Coming

With one measure of FHA reserves sinking dangerously close to zero, Congress rushed last week to give the Department of Housing and Urban Development authority to raise FHA annual premiums before completing work on a broader reform package. With the new authority, HUD expects... Read More

Obama Administration Launches Latest Effort To Use FHA to Help Underwater Borrowers

he FHA late last week finally launched a new “short refi” program designed to help borrowers who are current on their loan but owe more than the property is worth the latest foreclosure prevention effort that depends on existing mortgage holders agreeing to take a loss. The initiative is targeted at... Read More

GSEs Continue Forcing Lenders to Repurchase Loans as Credit Remains Key Trouble Area

Fannie Mae and Freddie Mac continued to aggressively push mortgage lenders to repurchase de-fective loans during the second quarter as the government-sponsored enterprises grappled with heavy losses on loans originated from 2005 to 2008. Fannie said... Read More

Administration Outlines Plans for New Consumer Protection Bureau, But Mortgage Disclosure Updates May Have to Wait

Treasury Department officials recently cited development of a unified mortgage disclosure document as a top priority as the Obama administration begins to implement the massive Dodd-Frank Act, although industry observers question whether the little-heeded provision will have much impact. Mortgage lenders and consumer advocates have long sought... Read More

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