private mortgage insurance | firsttuesday Journal

Sunset date for first lien private mortgage insurance limit repealed

by Renee Sogueco | Aug 23, 2016 | Investment, Laws and Regulations, New Laws, Real Estate | 0

Mortgage insurers no longer need to worry about the insurance limit or reinsurance requirements.

FHA takes bailout, but doesn’t need it

by Sarah Cantino | Oct 10, 2013 | Real Estate | 0

For the first time in its existence, the FHA has taken a subsidy from the U.S. Treasury.

PMI is back from the dead

by Sarah Cantino | Jul 29, 2013 | Real Estate | 1

For the first time since 2010, the private mortgage insurance (PMI) company MGIC reported quarterly profits.

PMI cries tears of joy; FHA just cries

by Sarah Cantino | Jun 12, 2013 | Real Estate | 0

MIP isn’t going anywhere.

FHA loans cost more

by Carrie B. Reyes | Mar 19, 2013 | Finance, Loan Products, Real Estate | 1

What type of mortgage do you encourage homebuyer clients to take out if they have a low down...

January home sales’ seasonal plummet

by ft Editorial Staff | Feb 25, 2013 | Home Sales, Real Estate | 0

The bumpy recovery pattern continues as home sales rise and fall from month to month. However, the overall trend is slowly tilting upwards.

2012 home sales up over 2011

by ft Editorial Staff | Jan 24, 2013 | Finance, Home Sales, Real Estate | 3

39,760 homes sales closed escrow in December 2012. This is up 6% from November 2012, and up 5%...

Private mortgage insurance limit cap lifted

by ft Editorial Staff | Dec 28, 2012 | New Laws, Real Estate | 0

Currently, a private mortgage insurer may only insure a mortgage lender for up to 30% of a first lien…

October 2012 home sales bounce

by ft Editorial Staff | Nov 27, 2012 | Home Sales, Real Estate | 0

39,254 homes sales closed escrow in October 2012. This is up 15.4% from…

September 2012 home sales falter

by ft Editorial Staff | Oct 18, 2012 | Home Sales, Real Estate | 3

34,453 homes sales closed escrow in September 2012. This is down 16.5% from August 2012, and down...

August 2012 home sales show improvement

by Carrie B. Reyes | Sep 19, 2012 | Real Estate | 0

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...

Stayin’ alive: Frannie dodges plans to shut-down

by Sarah Cantino | Aug 31, 2012 | Reader Polls, Real Estate | 0

Will Frannie ever die? No (67%, 12 Votes) Yes (33%, 6 Votes) Total Voters: 18 Fannie Mae and...

July 2012 home sales: a slipping trend?

by Carrie B. Reyes | Aug 24, 2012 | Real Estate | 1

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...

MGIC suffers another loss, twice-told tales

by Sarah Cantino | Apr 26, 2012 | Real Estate | 0

MGIC Investment Corp. (MGIC), the private mortgage insurer (PMI), has reported its...

Are MGIC’s days to default numbered?

by Sarah Cantino | Feb 6, 2012 | Finance, Real Estate | 0

Do you think MGIC will eventually go the way of PMI and Triad Guaranty Inc., barred from writing...

PMI Group seized by AZ Department of Insurance, files for bankruptcy

by ft Editorial Staff | Nov 28, 2011 | Laws and Regulations, Real Estate | 0

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...

Higher FHA-insured loan costs push homebuyers to prowl the market

by ft Editorial Staff | May 16, 2011 | Real Estate | 2

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...