In fact, of our $5.5 billion in new mortgage insurance written in the second quarter, 99.9% was prime credit quality, 98.4% had a FICO score of 680 or above and all had LTVs of 95% or below.
Iowa AG: Banks may face criminal liability after robo-signing settlement The coalition of state AG’s who want a real criminal investigation and oppose the 50 state settlement proposal of Iowa AG Tom Miller has grown by one with Kentucky’s AG Jack Conway adding name. Make no mistake, the companies engaged in robo-signing may face criminal liability for fraud.Transitioning to Integrated Disclosure, part 1 NPR Offers Remedial MBS Analysis for Regulators NPR Offers Remedial MBS Analysis for Regulators WTH is a reverse mortgage? How Does A Reverse Mortgage Work In Canada| HomeEquity Bank – The funds from a reverse mortgage can be used for whatever you desire; to cover monthly expenses, renovate your home, pay-off debt or travel – the choice is yours!The August 2015 cutover to the new integrated disclosures is such a significant transition that it is hard right now to see how numerous logistical questions and issues will be resolved within the.
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NewOak names Andrea Bryan managing director, credit services Jerry Rowell has joined Assurant as managing director of assurant field services. rowell will oversee operations and strategy for the risk management solutions provider under Assurant’s mortgage.S&P settles with SEC for $58 million over bond ratings fraud The U.S. government is seeking more than $5 billion in a civil lawsuit against Standard & Poor’s and parent The McGraw-Hill Companies over mortgage-bond. rating agency over alleged illegal behavior.
But such is Radian’s fate. Speaking of Radian, its new mortgage insurance written jumped 25% in the first quarter 2017, helping drive a strong start to the year. According to its first-quarter.
Despite recording a net loss for the second quarter, private mortgage insurer Radian Group. results, new mortgage insurance written surged to $14.3 billion for the quarter, an increase of 43%.
NEW YORK (TheStreet) — The U.S. Treasury Department’s latest changes to the mortgage modification. claimable amount, as insurance now applies to the newly modified loan amount, not the original.
Of the $10.1 billion in new business written in the first quarter of 2017, 25 percent was written with single premiums. Net single premiums written, afte r consideration of the 35 percent ceded under the Single Premium Quota Share Reinsurance Transaction , was 16 percent in the first quarter of 2017.
Radian protects the American Dream for lenders and their borrowers by offering products and services that open doors for new generations of homeowners.
Old Republic International Corporation’s title insurance earnings performed well in the first quarter 2017, far outpacing last year’s first quarter. On the other side, the company’s mortgage insurance business didn’t perform as well, falling from the same period a year ago.
delinquencies also helped by favorable seasonal trend in the first quarter. Some MIs refined their reserves, but changes were modest. NIW down again on historically low mortgage originations. The cohort’s new insurance written (NIW) for the quarter declined further in Q1 2014, down by 26% year over year and by 25% from the last quarter.
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New insurance written. expected third-quarter earnings. Progressive Corp.’s PGR operating net income of 36 cents beat the Zack Consensus Estimate by 3 cents. Radian Group, a credit enhancement.