For some strange reason American International Group has stopped reporting the mortgage insurance activity of its MI subsidiary, United Guaranty Inc. of Greensboro, N.C. to National Mortgage News. We asked nicely, but the firm won’t tell us how many new MI policies UGI wrote in the first quarter or the volume of its insurance-in-force. Nothing much could be found in AIG’s recent 10-Q either. Two years back bottom fisher Wilbur Ross was looking to buy UGI at a fire sale price, but AIG balked on the deal…
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The 30-year fixed fell to 6.37% after a two-week ceasefire tempered war-driven volatility, but economists warn the spring housing market faces continued turbulence.
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The Mortgage Bankers Association found gains in March for conforming, jumbo and government-sponsored loan indices for the third consecutive month.
1h ago -
An appellate court reversed part of an $8.5 million award for attorneys who secured a $38.5 settlement against the lender in 2023 in a False Claims Act case.
1h ago -
Fintech Candid says its AI-powered newsletter platform can scrape social media and public data to help loan officers send hyper-personalized outreach at scale.
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Jay Plum, head of consumer lending at Fifth Third Bank, says artificial intelligence is fundamentally shifting relationships between banks and their third-party software vendors, allowing banks to do things on their own that they would previously rely on vendors to do for them, like identify risky loans and prepare for exams.
7h ago -
Conforming loan limits are determined using a home price index. A congressman is proposing a switch to an income-based metric, creating more jumbo mortgages.
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