The seasonal housing market slowdown had a bigger impact on private MI business in the first quarter. New restrictions on Fannie/Freddie acquisitions of purchase loans with layered credit risk may hit the private MI sector the hardest. (Includes three data charts.)
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After pushback from large nonbank servicers, state examiners will revise pro-posed regulatory standards. Eight large servicers catch a break on stringency.
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Seven depository bellwethers have released mortgage origination figures for 1Q21. Overall, production increased from the fourth quarter but the devil is in the details.
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The COVID-19 partial claim payment program proposal — without changes to the draft — has been submitted for review to the Office of Management and Budget.
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The changes would allow state regulators to share information and eliminate duplicative work, while retaining authority over licensing in their state.
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