PMI, which reported a third quarter loss of $229 million, said it expects paid claims, net of captive reinsurance recoveries, for its U.S. mortgage insurance operations to be between $850 million to $900 million for full year 2008. This is a reduction from its previous expectation for full year 2008 paid claims. Earlier, PMI had estimated that claims in its U.S. mortgage insurance business would be between $900 million and $975 million.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
