Sunset date for first lien private mortgage insurance limit repealed
Mortgage insurers no longer need to worry about the insurance limit or reinsurance requirements.
Read More
Tag: private mortgage insurance
FHA takes bailout, but doesn’t need it
For the first time in its existence, the FHA has taken a subsidy from the U.S. Treasury.
Read More
PMI is back from the dead
For the first time since 2010, the private mortgage insurance (PMI) company MGIC reported quarterly profits.
Read More
PMI cries tears of joy; FHA just cries
MIP isn’t going anywhere.
Read More
FHA loans cost more
What type of mortgage do you encourage homebuyer clients to take out if they have a low down...
Read More
January home sales’ seasonal plummet
The bumpy recovery pattern continues as home sales rise and fall from month to month. However, the overall trend is slowly tilting upwards.
Read More
2012 home sales up over 2011
39,760 homes sales closed escrow in December 2012. This is up 6% from November 2012, and up 5%...
Read More
Private mortgage insurance limit cap lifted
Currently, a private mortgage insurer may only insure a mortgage lender for up to 30% of a first lien…
Read MoreOctober 2012 home sales bounce
39,254 homes sales closed escrow in October 2012. This is up 15.4% from…
Read More
September 2012 home sales falter
34,453 homes sales closed escrow in September 2012. This is down 16.5% from August 2012, and down...
Read MoreAugust 2012 home sales show improvement
41,280 homes were sold in August 2012, up 4.5% from July 2012, and up 9% from one year earlier. This August increase in home sales marks the first improvement after two months of declines, and is a marked improvement from the...
Read More
Stayin’ alive: Frannie dodges plans to shut-down
Will Frannie ever die? No (67%, 12 Votes) Yes (33%, 6 Votes) Total Voters: 18 Fannie Mae and...
Read MoreJuly 2012 home sales: a slipping trend?
39,507 homes were sold in July 2012, down 3.7% from June, yet up 14% from one year earlier. This is the second consecutive month of declining home sales, however sales volume is higher than it was last summer, which was mostly...
Read More
MGIC suffers another loss, twice-told tales
MGIC Investment Corp. (MGIC), the private mortgage insurer (PMI), has reported its...
Read More
Are MGIC’s days to default numbered?
Do you think MGIC will eventually go the way of PMI and Triad Guaranty Inc., barred from writing...
Read MorePMI Group seized by AZ Department of Insurance, files for bankruptcy
Updated on November 28, 2011 PMI Group, the nation’s third largest private mortgage insurer, filed for Chapter 11 bankruptcy on November 23, 2011, listing $736 million in debt. In October 2011 the company was seized by the...
Read MoreHigher FHA-insured loan costs push homebuyers to prowl the market
Annual default premiums (MIPs) on 30-year Federal Housing Administration (FHA)-insured loans for homebuyers with less than 5% down payment rose to 1.1 or 1.15% of the home value from 0.85 or 0.9%, effective April 18, 2011. For a...
Read More
