M.I. Firms Integrate With LOS
Two mortgage insurance companies have integrated with two loan origination systems, while a correspondent aggregator implemented an LOS. Meanwhile, data from a reverse mortgage LOS indicates significant growth in that market.
FHA CRE Biz Skyrockets, SFR Refi Biz Headed Higher
There was little change in monthly residential business at the Federal Housing Administration, though refinance activity is poised for an increase. But commercial real estate activity soared.
HECM M.I. Premiums Being Raised
The cost of mortgage insurance premiums on federally insured mortgages is going up in an effort to limit taxpayer exposure. But the change will impact few mortgages.
Radian Improves M.I. Premiums
Rate changes being made by Radian Guaranty Inc. will improve mortgage insurance premiums for higher loan amounts, refinances and borrowers with high credit scores.
FHA Endorsements Rise, Delinquency Down
Monthly new business at the Federal Housing Administration moved higher, while an improvement was recorded for delinquency. The agency grew its residential and commercial books of business.
Business, Earnings Up at National MI
New business surged from the preceding quarter at National MI. Earnings also improved, and the book of business continued to expand.
Genworth MI's Book and Business Grow, Lates Down
As Genworth Mortgage Insurance Corp.'s book of business expanded, its delinquency declined, and its new business had a quarter-over-quarter gain.
Radian Swings to Loss Despite Improved Business
Despite rising quarterly business, a growing book of business and falling delinquency, a one-time charge pushed earnings at Radian Group Inc. into the red.
M.I. Premiums Improve at MGIC
Changes being made to mortgage insurance premiums at MGIC will result in lower costs for some borrowers and greater choices for others.
New Business Surges at MGIC, Defaults Sink
As quarterly earnings increased at MGIC Investment Corp., new business improved and the share of insured loans that were past due turned lower.