Dozens of U.S. markets will see lower mortgage insurance premiums from United Guaranty Corp. It’s the second time in as many months that the company announced lower premiums.
The mortgage insurer disclosed the lower premiums in a customer announcement Monday.
United Guaranty is updating its Performance Premium and its Geographic Quality Index for the 384 core-based statistical areas.
The result is an improvement in around 58 markets.
But seven markets worsened.
The revision is effective on May 14.
The Greensboro, N.C.-based company issued a bulletin last month indicating that it was lowering borrower-paid monthly premiums for many borrowers with high credit scores on the Performance Premium risk-based pricing product.
Earlier this month, Radian Guaranty Inc. announced a cut in pricing for borrowers with FICO scores of at least 760.
