Tag Archives: pmi group inc

Mortgage Insurer May No Longer Be Able To Issue New Coverage

Plunging home values have devastated many related businesses, among them mortgage insurance. There’s been a big shake-out in this industry over the past four years. The WSJ says: Mortgage insurer PMI Group Inc. warned Thursday that it could be forced … 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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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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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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