PMI

Mortgage stocks for the most part saw price per share gains in the wake of the Federal Open Markets Committee decision to raise short-term rates.

Genworth Financial Inc. has named Kevin Schneider, currently executive vice president of global mortgage insurance, as its chief operating officer.

Fannie Mae is offering yet another carrot to lenders that have lobbied extensively for relief from loan repurchases.

In their search for ways to shift the credit risk of mortgages from taxpayers to capital markets, Fannie Mae and Freddie Mac may be overlooking important players: the lenders that make these loans in the first place.

Legislative proposals to reform the housing finance system have failed to garner enough support, but a surprisingly simply reform idea is in plain sight: deeper private mortgage insurance coverage.

NMI Holdings, the parent company of National MI, has obtained a $150 million loan to support the growth of its insured portfolio and to meet the secondary market capital standards requirement.

Amid an ongoing shift in pricing strategies in the private mortgage insurance market, Essent Group chairman and CEO Mark Casale is trying to show investors that aggressive pricing tactics aren't the only way PMI firms compete.

American International Group Inc. CEO Peter Hancock dismissed activist investor Carl Icahn's proposal to split the company into three insurers, saying a division would limit earnings diversity and reduce the value of some tax assets.

Genworth Financial's third-quarter profit missed analysts' estimates as results deteriorated at its Canadian and Australian mortgage insurance units.

The report from independent auditors will likely show that FHA remains below its 2% statutory minimum capital ratio, but HUD officials and outside observers still expect it to show major improvement over last year.