In its most recent supervisory report, the CFPB identified four main problem areas at mortgage servicers as well as servicers’ solutions.
Read More »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.
Read More »Arch MI’s RateStar Now Available Through Lender Price
Arch Mortgage Insurance Company, a Greensboro, North Carolina-based private mortgage insurer, announced an integration with Lender Price, a California-based big data technology provider. Arch MI’s RateStar quotes will now be available through Lender Price.
Read More »It’s Official: Arch Capital Acquires United Guaranty
Arch Capital Group can move forward with its plans to expand its footprint in the private mortgage insurance industry with the announcement of the completion of the acquisition of United Guaranty Corporation.
Read More »Will PMI’s Comeback Prompt FHA to Lower Premiums?
Private mortgage insurance has overtaken the FHA for largest share in the U.S. mortgage insurance market. Will the FHA act to try and regain the highest market share?
Read More »Former MGIC Chairman and CEO Lacy Passes Away
William H. Lacy, Jr., retired chairman and CEO of Mortgage Guaranty Insurance Corporation (MGIC), passed away on August 28, 2016, as a result of respiratory failure at age 71.
Read More »The Face Off—FHA vs. Private Mortgage Insurance
In the time period following the housing market collapse, private mortgage insurance was not easy to obtain. This left the door open for the FHA to step in to accommodate low-down payment borrowers and pick up more market share. But the tables have since turned.
Read More »Private Mortgage Insurers Make Their Mark on the Industry
Lindsey Johnson, President and Executive Director of U.S. Mortgage Insurers sat down with MReport to explain how private mortgage insurers are completely changing the housing game.
Read More »CFPB Issues PMI Cancellation and Termination Guidance Bulletin
The Consumer Financial Protection Bureau issued a bulletin on Tuesday providing guidance to servicers regarding the cancellation and termination of private mortgage insurance.
Read More »Insurance Providers Are Currently Compliant With Enhanced PMI Eligibility Requirements
Several leading mortgage insurance providers for the industry have announced that if the enhanced Private Mortgage Insurer Eligibility Requirements (PMIERs) announced by the Federal Housing Finance Agency (FHFA) went into effect today, they would be in complete compliance.
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