Tag Archives: mortgage insurers

The Three Biggest Mortgage Insurers Are In Trouble

The United States has had two million foreclosures in the past four years. Each foreclosure costs the bank about $40,000. It also costs the giants who insure mortgages. They’re in big trouble as the number of American foreclosures shows no … Continue reading

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Is There A Social Benefit To Rising Home Prices?

I don’t get it. When home prices were going way up in value, those on the left were complaining about the lack of affordable housing and said the problem demanded government intervention. Over the past four years, home prices have … Continue reading

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Home Owners Get Little Help

NEW YORK (CNNMoney.com) — The $700 billion bailout legislation now under consideration by Congress calls for the Treasury Secretary to implement a plan to stem foreclosures by working with servicers to modify loans. In Sunday’s version of the bill, federal … Continue reading

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Lenders, Insurers More Cautious

Holden Lewis writes: In recent weeks, mortgages quietly became harder to get. Mortgage insurers require higher credit scores and bigger down payments than they did a month or two ago. It helps to have a high credit score. Bob Moulton, … Continue reading

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Mortgage Insurance Returns

From Housing Wire: It’s this simple: when a mortgage exceeds 80 percent of a home’s value, the GSEs are required by charter to have credit support on the portion of the loan above 80 percent in the form of mortgage … Continue reading

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Mortgage Insurers Try To Help Struggling Homeowners

Holden Lewis writes: Homeowners and lenders aren’t the only losers in foreclosure. In some cases, mortgage insurers kick in cash to help borrowers catch up on their house payments. Mortgage insurers do plenty besides writing checks, though. ·  Calling borrowers … Continue reading

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Triad Mortgage Talks

From the WSJ: Reinsurance provider Triad Guaranty Inc. said it ended talks with Lightyear Capital LLC to form a new mortgage-insurance company and that Freddie Mac denied an appeal of a subsidiary’s suspension as an approved mortgage insurer. Triad Guaranty … 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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Mortgage Companies Reveal Bad First Quarter Earnings

At least some people think the worst is over. Mortgage companies have lost billions. The US economy has lost over $200 billion from the subprime mess which has hurt credit markets around the world. Shares in mortgage lenders and insurers … Continue reading

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Mortgage Industry Making It Harder To Borrow

The AP says it’s getting tougher even for those with good credit. Mortgage insurers, whose backing is required for borrowers who can’t afford the traditional 20 percent down payment on a home, have already flagged nearly a quarter of the … Continue reading

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