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FHA Delinquency Tumbles, Endorsements Edge Up
There was a monthly up tick reported in new business at the Federal Housing Administration, though a dip will likely follow. Single-family delinquency tumbled 48 basis points.
National MI Names New CEO
The founding chief executive officer of National Mortgage Insurance Corp.'s parent is being replaced by another senior executive who has also been on board since the beginning.
FHA Endorsements Inch Up, Might Rise More
Monthly Federal Housing Administration business inched higher and might accelerate further. Delinquency turned sharply higher, and reverse mortgage production was the slowest it's been in four years. But commercial mortgage endorsements doubled.
Business Grows as National MI Sees Record Earnings
Quarterly earnings set a new record, while new business was better at National Mortgage Insurance Corp. As the book of business expanded, delinquency declined.
Excellent Quarterly Performance at Arch M.I.
Quarterly business skyrocketed at Arch Mortgage Insurance Co., while earnings strengthened and delinquency improved. The company's book of business expanded.
Genworth M.I. Business, Earnings Jump
Quarterly business increased at Genworth Mortgage Insurance Corp., as did earnings. In addition, the book of business expanded, and delinquency was sharply lower.
Radian's Earnings, Delinquency & New Biz Improve
Radian Group Inc. swung to a big profit from a quarterly loss a year previous. New policies written increased, the book of business expanded, and delinquency decreased.
SF Endorsements Up, Delinquency Down at FHA
Monthly new business was moderately higher in the Federal Housing Administration's residential business, while loan performance improved. But commercial mortgage endorsements plunged.
Fannie Mae Eases M.I. Termination Requirements
The Federal National Mortgage Association is making it easier for borrower to cancel mortgage insurance through valuation alternatives and looser loan-to-value ratios.
Solid Business Growth at MGIC as Earnings Improve
The book of business, insurance written and earnings all increased from the prior quarter and a year prior at MGIC Investment Corp. Meanwhile, delinquency decreased.
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