Fitch Ratings has withdrawn the insurer financial strength ratings of Mortgage Guaranty Insurance Corp., and the long-term issuer rating of MGIC Investment Corp., Milwaukee, Wis. These actions were taken at MGIC's request, a company spokeswoman said. She added MGIC had no additional comment. Fitch Ratings also had no comment. MGIC's mortgage insurance subsidiary had a BB- financial strength rating, while the parent company had a long-term issuer rating of B-. Also withdrawn were B- ratings on a pair of senior notes offerings and a C-rating on convertible junior subordinated debentures due in 2063.
-
The total delinquency rate rose 0.2 percentage points annually in March, with the share of loans 90 days late rising out of the range they were in since 2024.
1h ago -
The test of automated risk assessments for government-sponsored enterprise-eligible mortgages are designed to help determine when waivers might be possible.
1h ago - AB - Policy & Regulation
Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that she believes price growth is still heading toward the central bank's 2% target when factoring out one-time shocks such as tariffs and elevated oil prices.
4h ago -
Consumers sued 11 more industry players in the past two months over alleged unwanted contact, as the pace of spam call class action cases increases.
8h ago -
Deephaven expanded its HELOC product for wholesale lenders, Attom launched an AVM model and First American added an AI assistant to its title platform.
May 28 -
The Canadian-American bank's first AI agent does the work of gathering any missing documents and verifying data for mortgage applications.
May 28







