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Home | News

Mortgage Insurer Compares FHA With Private Market at Congressional Hearing

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If a loan defaults, FHA covers virtually 100 percent of loss, while MI covers first losses down to a stated coverage percentage. FHA’s policy may provide less incentive to ensure that loans are underwritten and serviced in a sensible and sustainable way, while MI’s policy may create a stronger incentive to better underwriting and good servicing, according to Gupta.

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Clayton Holdings Hires New COO

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Thirty-year mortgage industry veteran Jeff Tennyson has joined Clayton Holdings LLC as chief operating officer. Tennyson will be in charge of all of Clayton’s business holdings in the United States, including Transaction Management, Consulting, Surveillance, Commercial Due Diligence, and Green River Capital.

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