PMI

Private mortgage insurers see deeper coverage of GSE loans as a way to expand business, while lenders hope it could lead to a reduction to guarantee fees.

Fannie and Freddie should offer upfront risk-sharing options in order to give lenders an opportunity to lower their guarantee fees while encouraging more private capital and competition to flow into the secondary mortgage market.

PHH Corp. has been ordered to pay $109 million over allegations that it illegally accepted kickbacks on reinsurance premium payments after Consumer Financial Protection Bureau Director Richard Cordray partially overruled a decision previously made by an administrative law judge.

The type of reinsurance product that private mortgage insurers hold likely won't matter for meeting the GSEs' new capital requirements, said the CEO of Genworth Mortgage Insurance.

Private mortgage insurers are willing to offer "deep coverage" of Fannie Mae and Freddie Mac's risk-sharing deals, but only after a premium structure is negotiated with lenders and the GSEs.

Radian Guaranty has added two national account managers and an inside sales account management team to work strictly with its credit union customers, their members and their trade associations.

More lenient capital requirements than expected from Fannie Mae and Freddie Mac were good news for two legacy private mortgage insurers, but another is facing a bigger deficit than initially thought.

A lot of bankers want on-balance-sheet mortgages declared ultrasafe under federal rules, and Wells Fargo executive Brad Blackwell explains why he thinks it's in their self-interest more than ever to live up to their arguments in favor of such a policy.

Genworth Financial Inc., the insurer divesting units after posting record losses, has sold 14% of its Australian mortgage-guaranty unit, the company announced on May 11.

MGIC Investment Corp. ended April with 2,606 fewer delinquent loans on its books as the number of new notices declined from the prior month.

Most title professionals will be prepared when the Consumer Financial Protection Bureau implements its TILA-RESPA Integrated Disclosure rule on Aug. 1, according to the American Land Title Association.

Ocwen Financial's shares jumped 19% to more than $10 a share as of late morning Friday, the day after it reported a first-quarter profit and highlighted an expansion into mortgage lending.

Radian Group Inc. and MGIC Investment Corp. surged in New York trading after a U.S. regulator softened mortgage insurers' standards on some loans.

The final rule outlining new criteria for private mortgage insurers of Fannie Mae and Freddie Mac loans lacks a key feature that industry participants had sought: the ability to count future insurance premiums towards capital reserves.

Radian Group Inc. Chief Executive Officer S.A. Ibrahim said the mortgage insurer is poised to expand after its first profitable year since 2006.

Financial institutions are far from drowning because of underwater mortgages, with the impact of these loans mostly behind them, according to Fitch Ratings.

MGIC Investment Corp. former Chief Executive Officer Curt Culver, who presided over an 85% stock-price decline during his tenure, received compensation valued at about $8 million for his last full year in the top job.

A new loan program will allow borrowers to put down even less than the 3% down payment mortgage programs to be offered by Fannie Mae and Freddie Mac. This move and others like it, while laudable, will no doubt ensure increasing default rates.

Getting a home loan is easier now than a year ago, according to the Zillow Mortgage Access Index.

Proposals for stiffer capital requirements will reduce the number of mortgage servicers, which in turn will cut access to credit, mortgage-company executives said at an industry conference on Wednesday.