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Business, Delinquency Decline at MGIC
As has been the case for mortgage bankers, new quarterly business fell at MGIC Investment Corp. Also declining was the rate of late payments. But the book of business expanded.
FHA Business Sinks to 3-Year Low
Residential production at the Federal Housing Administration was the lowest it's been in three years. An improvement was reported for single-family delinquency.
Non-Bank Mortgage Lenders Lead Tech Transformation
The digital transformation of the mortgage process is being led by large non-bank lenders. Title and mortgage insurers could be the biggest beneficiaries of blockchain adoption.
MGIC Cuts M.I. Premiums
Recent changes to the tax law have prompted MGIC to reduce its mortgage insurance premiums on transactions where the borrower pays the premium.
FHA Biz and Delinquency Improve, HECM Biz Spikes
Monthly residential production picked up at the Federal Housing Administration, with reverse mortgage endorsements spiking. Single-family delinquency was down, and commercial mortgage endorsements jumped.
Fannie Addresses Layered Risk High DTIs
A growing share of loans with high debt-to-income ratios and other high risk factors has recently concerned mortgage insurers and prompted a policy change at Fannie Mae.
M.I. Firms Warn About Freddie Pilot
The nation's mortgage insurance companies are warning about a new pilot program that enables Freddie Mac to bypass traditional mortgage insurance.
Radian Relaxes Mortgage Insurance Requirements
Improvements to requirements at Radian Guaranty Inc. include lower mortgage insurance premiums and the insuring of three- and four-unit residential loans.
Record Business at National M.I.
Quarterly business ascended to an all-time high at National Mortgage Insurance Corp. As the book of business grew, so did delinquency.
Arch M.I.'s Annual Business More than Doubles
Annual business more than doubled at Arch Mortgage Insurance Co. thanks to a huge acquisition. Quarterly business slowed as defaults deteriorated.
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