Fannie Mae and Freddie Mac have changed their upfront fee structure to strengthen their safety and soundness by enhancing their ability to improve their capital position over time.
Read More »CFPB Report: Loss Mit Problems and Servicer Solutions
The CFPB found shortcomings in loss mitigation due diligence, HECM resolutions, and charging excessive late fees but also identified servicers’ resolutions of these issues.
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 »Arch MI’s RateStar Now Available Through Lender Price
Arch Mortgage Insurance Company, a Greensboro, North Carolina-based private mortgage insurer, announced an integration with Lender Price, a California-based big data technology provider. Arch MI’s RateStar quotes will now be available through Lender Price.
Read More »Former MGIC Chairman and CEO Lacy Passes Away
William H. Lacy, Jr., retired chairman and CEO of Mortgage Guaranty Insurance Corporation (MGIC), passed away on August 28, 2016, as a result of respiratory failure at age 71.
Read More »The Face Off—FHA vs. Private Mortgage Insurance
In the time period following the housing market collapse, private mortgage insurance was not easy to obtain. This left the door open for the FHA to step in to accommodate low-down payment borrowers and pick up more market share. But the tables have since turned.
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