Private mortgage insurance companies continued to chip away at the FHA’s mountainous share of the primary MI market during the third quarter, but it’s clear that the private sector’s recovery will be much slower than its sharp decline two years ago. Private MIs reported...[Includes three data charts]
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The FHA’s capital reserve ratio at the end of the government’s fiscal year likely was still below required levels, according to the annual audit by the Inspector General of the Department of Housing and Urban Development, which was released this week. The FHA’s capital reserve ratio measures reserves held...
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Fannie Mae and Freddie Mac are bracing for the impact they expect to feel from the wave of foreclosure delays that has swept across much of the U.S. in recent weeks. They just don’t know how severe it might become. “Although we expect the foreclosure pause will likely...
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Fannie Mae and Freddie Mac continue to hack their way through the briars and brambles of the housing market, and their third quarter results show that the tougher underwriting criteria they imposed on their 2009 and 2010 books of business are gradually lifting them up. Fannie Mae late last week reported...
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A new survey has found that the new good faith estimate required under revised Real Estate Settlement Procedures Act regulations has not caused mortgage fees to rise significantly – a finding confirmed by mortgage lenders and settlement service providers. Conducted by Ernst Publishing Co., a provider of GFE data to lenders and title insurers, the survey disputed...
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While third quarter numbers for mortgage fraud risk have changed little over the past year, the industry is experiencing a new trend in the type of fraud detected, according to the latest Interthinx mortgage fraud report. The report, conducted quarterly, calculates...
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High credit standards are seriously inhibiting purchase market activity and preventing even qualified borrowers from obtaining credit, according to the National Association of Realtors. In a credit policy report approved by the NAR’s Board of Directors this week, the group called on the mortgage lending industry to reexamine...
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