Details Provided About Genworth Premium Cuts
Genworth Mortgage Insurance has provided details about previously announced upcoming changes to its M.I. premiums.
FHA Production Holds, Could Accelerate
There was little change in monthly endorsements by the Federal Housing Administration, though business is poised for an increase. Delinquency improved, and commercial endorsements moved higher.
Risk-Based Pricing for Mortgage Insurance
At least one mortgage insurance company will begin offering premiums that are based a loan's risk profile determined by a variety of underwriting factors.
FHA Biz Up & Further Ascension Likely, HECMs Down
New loans insured monthly by the Federal Housing Administration rose, and further escalation is likely -- though reverse mortgage volume was down again. Delinquency fell to the lowest rate in eight months. Multifamily business was off.
100% LTV Program Launches
A program has been introduced by a mortgage insurance company that allows loan-to-value ratios as high as 100 percent for professionals -- including mortgage bankers.
National M.I. Names New President
The parent of National Mortgage Insurance Corp. has found a new president among its own executive ranks and promoted an employee who has been with the firm since it opened for business.
Radian Cuts M.I. Premiums
Radian Guaranty Inc. will be cutting the rates on its mortgage insurance premiums. Impacted loans include those with multiple borrowers and high debt-to-income ratios.
Genworth M.I. Earnings, Book of Biz Increase
Even though new business fell from the previous quarter at Genworth Mortgage Insurance Corp., its book of business and profitability both improved.
Record Earnings at National M.I., New Biz Slips
NMI Holdings Inc., the parent of National Mortgage Insurance Corp., reported record income. While new business slipped, the company's book of business expanded.
Arch M.I. Earnings Up, Defaults Down
Quarterly income was higher and delinquency was lower at Arch Mortgage Insurance Co. At the same time, the book of business and new insurance written were both lower.