Tag Archives: Mortgage Insurance

In a new report on the state of the mortgage insurance industry, Moody's reported that a new risk transfer pilot program had the potential to shake up the industry. Here are the details.

Mortgage Cadence has integrated Arch Mortgage Insurance Company’s mortgage insurance platform into the Mortgage Cadence Enterprise Lending Center.

Arch Mortgage Insurance Company and OpenClose announce Monday an integration aimed at providing “more competitive, sophisticated and dynamic MI pricing solution than conventional rate sheets,” according to Chris Hovey EVP and COO at Arch MI. Arch MI, the flagship private mortgage insurance provider of Greensboro, North Carolina-based Arch Capital Group, and West Palm Beach, Florida-based OpenClose, are collaborating to offer Arch MI RateStar pricing information within the OpenClose LenderAssist loan origination system.

The same day a new administration moved into the White House, a planned cut to mortgage insurance rates was indefinitely shelved.

With the acquisition of United Guaranty Corporation, Arch Capital Group will move forward with its plans to expand its footprint in the private mortgage insurance.

Regulators accused the bank of engaging in "reckless" underwriting practices on mortgage loans insured by the FHA.

This commentary features a discussion with Lindsey Johnson, President and Executive Director of U.S. Mortgage Insurers, on front-end risk sharing transactions with MI as opposed to back-end risk sharing transactions.

FHA raised premiums in response to its declining mortgage insurance fund, which forced the agency to take a $1.7 billion bailout in 2013. Since then, it has rebuilt its capital, spurring some commentators to call for a cut. In a statement, the White House estimated that the reduction will translate to a $900 increase in annual mortgage payments for first-time buyers, with existing homebuyers expected to see similar savings.

There's a pervasive view held by younger consumers when considering whether to purchase a home or not, according to Freddie Mac's Christina Boyle. She believes that consumers persistently overestimate the size of a down payment they need in order to finance a home, and this lack of education is harming the housing market.

According to research results put out by TD Bank, 37 percent of homeowners who purchased within the last decade required mortgage insurance. Looking at just the last two years, that number is up to 43 percent, reflecting the troubles buyers are having meeting normal down payment minimums as home prices march up.