As Triad Guaranty's stock price dropped by 10% to 72 cents per share after Friday's meteoric rise, other mortgage insurance companies saw their stock prices record substantial gains at the close of trading on Monday. Walnut Creek, Calif.-based PMI Group Inc.'s stock went up a whopping 42% to $1.08 per share. MGIC Investment Corp., Milwaukee, ended the day with a stock price of $3.88, up 25% from the day's opening trade. Richmond, Va.-based Genworth Financial's share price went up 14.75% to $2.80 per share. Radian's stock went up 10% to $2.20. The Dow closed at 8426.74 on Monday, up more than 214 points from the day's opening.
-
Under the proposed rule, the definition of a manufactured home would allow upper floor sections to be transported and constructed without a permanent chassis.
June 12 -
Even though the SAFE Act does not require AI loan officers licensing, other laws, as well as regulators, still look for a person to be responsible.
June 12 -
The government-related market's push has intensified efforts to draw up classic FICO comparisons or set up interim rating policies pending more data.
June 12 -
The changes provide standardized appraisal guidance in advance of a mandatory compliance date to a new reporting format in November this year.
June 12 -
Provident Bank says My Mortgage used a $10 million line of credit to fund dozens of ineligible, dilapidated properties and sold them to their own employees.
June 12 -
OneTrust Home Loans says its employees secretly used Floify to funnel loans to brokerage E Mortgage Capital, which were then funded by the wholesale giant.
June 12







