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Tag Archives: Arch MI

Arch MI, OpenClose Offer Individualized MI Rates in Seconds

Arch Mortgage Insurance Company and OpenClose announce Monday an integration aimed at providing “more competitive, sophisticated and dynamic MI pricing solution than conventional rate sheets,” according to Chris Hovey EVP and COO at Arch MI. Arch MI, the flagship private mortgage insurance provider of Greensboro, North Carolina-based Arch Capital Group, and West Palm Beach, Florida-based OpenClose, are collaborating to offer Arch MI RateStar pricing information within the OpenClose LenderAssist loan origination system.

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Diverse Industry Key to Home Price Stabilization in Oil-Producing Metros

HVF research on the impact of lower oil prices on home values found that in areas where the industries are diversified beyond oil and gas, home prices have remained stable. Authors of this research analyzed Houston’s home prices versus crude oil prices over the last forty years and found with the exception of the 1980s, Houston home prices have been steadily increasing due to diversity in the region.

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Mortgage Insurers Offer Mixed Reactions to FHFA Reqs

The mortgage industry had a lot to say late last week following the release of new draft standards for private mortgage insurers to work with GSE loans—and not all of the reactions were positive. U.S. Mortgage Insurers (USMI), a trade group comprised of a number of member insurers, was quick to lend its support in a statement, though not all member companies agreed.

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