Mortgage Insurance Profitability

Browse articles from all of our Newsletters related to Mortgage Insurance Profitability.

January 18, 2019 - Inside FHA/VA Lending

Around the Industry

DOJ, HECM Servicer Agree to False Claims Act Settlement. Compu-Link Corp. agreed to a civil settlement with the U.S. Attorney’s Office of the Middle District of Florida. The company will pay $4.25 million to the government to resolve alleged violations of the False Claims Act in connection with the servicing of FHA-insured reverse mortgages. According to federal prosecutors, the Michigan-based servicer of Home Equity Conversion Mortgages obtained insurance payments from FHA without disclosing that the mortgagee had missed appraisal deadlines and, therefore, was ineligible for such payments. In addition, the company allegedly failed to initiate foreclosure proceedings as required and see to their completion. Consequently, between Nov. 1, 2011, and May 1, 2016, the mortgagee in question allegedly obtained additional interest it was not entitled to, prosecutors said. Essent Announces Launch of EssentEDGE. Essent Guaranty’s EssentEDGE, a new platform supporting a fully integrated pricing engine, will be available to customers on Jan. 21. The platform enables lenders to price more attributes at the loan level, unlike the current rate-card pricing structure, which is generally based on broad FICO and loan-to-value ranges.

January 11, 2019 - Inside The GSEs

China Oceanwide’s Buy of Genworth Gets Final Nod

The slow-motion acquisition of mortgage insurance giant Genworth Financial by real estate and insurance conglomerate China Oceanwide got a significant nudge forward, when the Delaware insurance commissioner last month gave its final approval for the purchase.

January 11, 2019 - Inside Mortgage Trends

Private MIs Boost Share of Agency Purchase Loans

Private mortgage insurers continued to expand their presence in the flow of purchase-money mortgages into mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae. In 2018, lenders sold $243.54 billion of purchase loans with private MI coverage to Fannie and Freddie, a sturdy 13.8 percent rise from 2017, according to an Inside Mortgage Trends analysis. Private mortgage insurance accounted for 46.8 percent of agency ... [Includes two data charts]

January 10, 2019 - Inside Mortgage Finance

Private MI Volume Slumped in 4Q18 Fannie/Freddie MBS

The flow of conventional mortgages with private mortgage insurance coverage into Fannie Mae and Freddie Mac mortgage-backed securities fell sharply in the fourth quarter – tracking a broader slump in purchase-mortgage business. [Includes three data charts.]

January 4, 2019 - Inside FHA/VA Lending

Urban Institute Identifies FHA Trends to Watch in 2019

Following the November release of FHA’s fiscal 2018 report on the health of the Mutual Mortgage Insurance Fund and increases in FHA loan limits, analysts at The Urban Institute have identified four FHA trends to watch for in 2019.

January 3, 2019 - Inside Mortgage Finance

Servicing Sales to Boom in Early 2019, IMBs Need Cash

Declining profit margins and reduced production levels will push more inde-pendent mortgage companies to sell servicing. But falling interest rates might squash MSR prices.

December 14, 2018 - Inside FHA/VA Lending

FHA Drops Warranty Requirements for New Single-Family Construction

The Department of Housing and Urban Development has issued a final rule streamlining single-family home-warranty requirements for FHA insurance.

December 7, 2018 - Inside Mortgage Trends

MI Genworth Launches Risk-Based Pricing Engine

Genworth Mortgage Insurance has joined the private MI fledgling risk-based pricing club with the launch of its new proprietary risk-based pricing engine, GenRATE. GenRATE allows customers to opt for risk-based pricing or choose from Genworth’s standard published rate card. “Demand for more dynamic pricing is growing,” said Rohit Gupta, Genworth’s president and chief executive officer. “Offering the option of either rate card or risk-based pricing is the best way to show lenders that ...


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