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Inside Mortgage Finance

February 22, 2008

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Mortgage Insurers Face Challenging Market Conditions But Posted Significant Gains in Business Volume in 2007

More home loans were originated with primary mortgage insurance during 2007 than in any year since the historic refinance wave of 2003 as the mortgage market scrambled for higher ground. A total of $447.04 billion of home loans originated... [Includes three charts] Read More

Private Mortgage Insurers Take a Beating in Late 2007; Little Improvement Seen This Year

The private mortgage insurance business enjoyed big gains in production volume and market share in 2007, while steering toward less risky business, raising prices and tightening its underwriting requirements. But the industry also posted... [Includes one chart] Read More

HUD Presses to Update FHA Loan Limits That Expose Fragile Program to More Risk

The Department of Housing and Urban Development is under a Congressionally-imposed deadline to implement significant increases in its FHA loan limits, but agency officials remain concerned about the wobbly financial condition of the program in a deteriorating... Read More

Democrats Pushing a Second Stimulus Bill But Cramdown Provisions Concern Industry

Democrats in Congress last week introduced comprehensive housing legislation they are trying to move as a second stimulus package to help the economy and the mortgage market. However, the legislation includes a provision to cram down mortgages for bankrupt borrowers... Read More

HUD Considers Expanding FHASecure as the Program Has Helped Fewer than 1,000 Delinquent Borrowers

The Department of Housing and Urban Development is considering loosening underwriting guidelines for its subprime rescue program as few troubled borrowers have benefited thus far. After repeated calls by industry groups, HUD could announce loosened guidelines for... Read More

OCC and State Regulators Continue to Clash Over Whom to Blame for Mortgage Market’s Troubles

State and federal regulators got into a tiff on Valentine’s Day as Eliot Spitzer, the governor of New York, accused the federal government of “aligning itself with the banks that were victimizing consumers.” The accusation was part of an op-ed by Spitzer... Read More

New IMF Survey to Examine Loss Mitigation Performance at Servicers

The loss mitigation performance of mortgage servicers, particularly what is currently working and what is not, is the subject of a new Inside Mortgage Finance-sponsored study scheduled to be launched this week. The new research, “Mortgage Loss Mitigation in 2008... Read More

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