Reflecting both the unusually strong fourth quarter for home loan originations and the volatile rate environment for the period just ended, private mortgage insurers wrote 13% less business versus three months prior. Processing Content Still, with mortgage rates going to the low 6% range from near 7% one year ago, the six active underwriters did […]
Mortgage insurers end 1Q26 below expectations for volume Read More »
U.S. mortgage insurer Radian Group Inc. said that president and chief financial officer Sumita Pandit is departing the company effective Thursday, according to filings with the Securities and Exchange Commission (SEC). Radian did not provide details on Pandit’s departure beyond mentioning that “in connection with the involuntary termination of Ms. Pandit’s employment, she will be
Radian announces exit of CFO Sumita Pandit, elevates finance leaders Read More »
A Maine real estate agent is proposing a bill that would give homeowners a state tax deduction on mortgage insurance premiums as well as offer grants to help lower loan payments. Processing Content Introduced by Democratic Rep. Wayne Farrin, who is also a licensed real estate agent, the bill would lead the state to implement
Maine bill targets MIP costs, lower rates for homebuyers Read More »
Multiple mortgage lending trade groups are urging the White House to take administrative steps to lower the costs of home loans, arguing that federal regulations have driven up borrowing expenses as affordability worsens. In a letter sent Wednesday to White House National Economic Council Director Kevin Hassett, the Mortgage Bankers Association, America’s Credit Unions and
Trade groups push for lower FHA premiums, LLPA cuts Read More »
Shares in publicly traded mortgage insurance companies dropped between 5% to 8% in a single day and are down by 5% to 12% so far this year, according to an investor note published Tuesday by Keefe, Bruyette & Woods (KBW). KBW analysts Bose George and Frankie Labetti explained that the main concern appears to be tied
Potential cuts to FHA premiums weigh on mortgage insurers Read More »
Insurance-in-force growth at the government-run Federal Housing Administration will continue to outpace its private counterparts going forward because of the current state of the housing market, a Keefe, Bruyette & Woods report said. Processing Content The market share (based on IIF) split between the two products has been narrowing since the third quarter of 2022.
FHA usage will continue to outgrow private MI in 2026 Read More »
A mortgage is more than a rate and a closing date. It is a family planning for what happens after the keys are in hand. That is why insurance is not optional and belongs beside pricing, product fit, and closing costs in a loan officer’s core toolkit. It is required for the loan, and it
While it may seem second-nature to realtors, lenders, and others in the industry, navigating the homebuying process can be overwhelming and confusing, particularly for first-time homebuyers. It can feel like a foreign language and it’s often easy for misconceptions to take root. This includes the characterization of private mortgage insurance, which helps first-time buyers and
U.S. mortgage insurer Radian has acquired Inigo, a Lloyd’s specialty insurer, according to an announcement on Thursday. Radian has agreed to pay $1.7 billion for Inigo. The transaction will primarily be all-cash, which Radian said will be funded from its available liquidity sources and excess capital from its subsidiaries. According to the release, this $1.7
Radian acquires specialty insurer Inigo for $1.7 billion Read More »
President Trump’s One Big Beautiful Bill is a milestone on the path of America’s Golden Age. It will help restore prosperity and stability to millions of households by providing crucial tax relief—including bringing back an impactful tax deduction for mortgage insurance premiums (MIPs). From 2007-2021, four million homeowners used the MIP deduction annually. In the years that
How Trump’s bill helps aspiring homeowners Read More »