Tag Archives: mgic investment corp

Mortgage Insurers Face More Losses

The mortgage insurance industry has taken a big hit over the past five years and now the credit ratings on several big firms have been downgraded. Home prices have dropped each of the past three months. We are nowhere near … Continue reading

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Mortgage Insurance Ain’t Such A Hot Business These Days

For the past four years, mortgage insurance has been a disastrous business to be in. Still, mortgage insurers recently dodged a bullet. Alan Zibel reports: Mortgage insurers may have escaped a threat to their industry in the form of new … Continue reading

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Bleak Profit Outlook For PMI

From the AP: Fitch placed the "AA" insurer financial strength rating of Genworth Mortgage Insurance Corp. and its affiliates on watch for possible downgrade. Fitch downgraded the IFS rating of MGIC Investment Corp.’s mortgage insurance subsidiary Mortgage Guaranty Insurance Corp. … Continue reading

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Mortgage Default Jump

CHICAGO -(Dow Jones) – Home loans reported as delinquent to a mortgage insurer trade group surged in April, when a major home lender tightened up its policy for reporting past-due mortgages. The Mortgage Insurance Companies of America said Friday that … Continue reading

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Fannie Mae Changes Loan Standards

May 16 (Bloomberg) — Fannie Mae, backing down from pressure from homeowner and real estate groups, will allow buyers in markets with falling home prices to purchase houses with 3 percent down payments, potentially increasing the company’s risk. Fannie Mae … Continue reading

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Fannie May/Freddie Mac Lose Value

May 16 (Bloomberg) — Fannie Mae, backing down from pressure from homeowner and real estate groups, will allow buyers in markets with falling home prices to purchase houses with 3 percent down payments, potentially increasing the company’s risk. The largest … Continue reading

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