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]
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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]
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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...
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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...
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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...
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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...
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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...
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