In a keynote address on Wednesday, FHA Commissioner Brian Montgomery gave insights into current initiatives at the FHA and what you can expect from it in the future.
Read More »New Risk Transfer Programs Offer Alternative to MI
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.
Read More »Mortgage Cadence Integrates Arch MI’s Mortgage Insurance Platform
Mortgage Cadence has integrated Arch Mortgage Insurance Company’s mortgage insurance platform into the Mortgage Cadence Enterprise Lending Center.
Read More »Arch MI, OpenClose Offer Individualized MI Rates in Seconds
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.
Read More »Rate Cut Canned on Trump’s Day One
The same day a new administration moved into the White House, a planned cut to mortgage insurance rates was indefinitely shelved.
Read More »Arch Capital Expands MI Footprint with Acquisition
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.
Read More »Wells Fargo Agrees to Pay a Steep Price for FHA-Insured Defaults
Regulators accused the bank of engaging in "reckless" underwriting practices on mortgage loans insured by the FHA.
Read More »Risk Sharing Transactions: Front End vs. Back End
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.
Read More »Updated: President Announces Reduction in FHA Premiums
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.
Read More »Mortgages Suffer from Misconception about Down Payments
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.
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