Tag Archives: private mortgage insurers

FHA Needs A Bailout, Raising Mortgage Premiums

So far taxpayers have been on the hook for only a couple of billion dollars for the FHA. Mortgage insurance is a rotten business. It almost took down AIG. Only a massive $100 billion from the government (now repaid) kept … Continue reading

Posted in mortgage, Rates | Tagged , , , , , | Comments Off on FHA Needs A Bailout, Raising Mortgage Premiums

Mortgage Insurers Suffer Big Losses

From the Washington Post: Those losses have also dinged their relationships with mortgage-financing giants Fannie Mae and Freddie Mac, which the insurers depend on for business. The mortgage insurance industry is dominated by a half-dozen large firms that insure loans … Continue reading

Posted in pmi | Tagged , , , , , | Comments Off on Mortgage Insurers Suffer Big Losses

New Mortgage Insurance Cuts Costs

From the Daily Herald.com: Investors in mortgages face two kinds of risk from borrowers who default. On loans with small down payments on which the collateral risk is the highest, private mortgage insurance is available to protect investors. Investors also … Continue reading

Posted in pmi | Tagged , , , , , | Comments Off on New Mortgage Insurance Cuts Costs

Refinance Trouble? Think About An FHA Loan

The Orange County Register reports that the FHA is taking up the slack for subprime lending. It’s a lot of effort to get an FHA home loan (which protects lenders from loss so they are more willing to make loans … Continue reading

Posted in fha | Tagged , , , , , , , , , , , , , , , , , , , | Comments Off on Refinance Trouble? Think About An FHA Loan