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.
Radian Relaxes LTV Ratios
Radian Guaranty Inc. has increased the allowable maximum loan-to-value ratio on some of its mortgage insurance products.
Genworth Relaxes Jumbo Credit Scores, LTVs
Relaxed jumbo requirements at Genworth Mortgage Insurance include higher loan-to-value ratios and lower credit scores. Some premiums were lowered.
Integrations Enhance Mortgage Pricing Engines
Recent enhancements to product eligibility and pricing engines include integrations with mortgage insurance companies and customer relationship management providers.
HUD Budget Includes New FHA Administrative Fee
The Department of Housing and Urban Development's proposed budget includes a new administrative fee on government-insured mortgages to fund technology updates.
FHA Originations Ric, Delinquency Tumbles
The monthly volume of home loans insured by theFederal Housing Administration turned higher, and a further increase is on the way. Delinquency, meantime, sank.
Genworth Relaxes M.I. Guidelines
Among other things, Genworth Mortgage Insurance has loosened loan-to-value ratios and jumbo guidelines on some programs.
National MI's Book of Business Expands
Even though quarterly new business took a tumble at National MI -- earnings held up and the book of business continued to grow.
Genworth M.I.'s Earnings, Book of Business Up
Although new business tumbled at Genworth Mortgage Insurance Corp., earnings were significantly better and the book of business grew.