PMI

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.

MISMO released the latest version of its Residential Reference Model, opening up the standard to review.

MGIC Investment Corp. saw its inventory of delinquent loans resume its reduction in February after growing the month prior.

Four years after agreeing to an initial settlement, Bank of America has won court approval for its $8.5 billion settlement with investors over Countrywide's mortgage practices. Here's an update on all the other big mortgage litigation outstanding.

The Federal Housing Administration's recent premium reduction is undercutting the private sector and expanding the government's role in the housing market, housing finance industry representatives told a House subcommittee on Thursday.

Financial services firm Radian Group has hired Clifford Rossi to be its chief economist and senior vice president.

NMI Holdings, the parent company of National Mortgage Insurance Corp., reported a net loss again in the fourth quarter as it saw growth in new insurance written.

Lenders saw the highest amount of refinancing activity since 2013 in January, according to Ellie Mae.

One of the things we're always telling consumers is that if they want to become responsible homeowners, they're going to have to learn to manage their finances, and that means budgeting.

As the real estate market rebounds in the Grand Canyon State's capital, one credit union here reports that a new mortgage program is attracting significant new lending business.

Essent Group closed out its first full year as a public company in the black, as increased premiums continued to fuel profitability.

Radian Group, of Philadelphia, had an explosively strong fourth quarter in 2014 thanks to a reduction of its risk profile as a result of the pending sale of its financial guaranty unit.

Genworth Financial's private mortgage insurance business was a rare bright spot for a company that overall, lost $1.2 billion during the fourth quarter.

Mortgage insurer MGIC Investment Corp. capped off January with 243 more delinquencies on its books than the month prior, according to figures the company released Monday.

The average down payment amount increased in the fourth quarter of 2014, helped by gains in the job market and rising home values.

Recent moves to offer low down payment loans and cheaper mortgage insurance have been met with mixed reaction, as the opportunity for increased homeownership must be weighed against the potential of riskier lending practices.