Posted To: MND NewsWire HUD today announced that mortgage insurance for FHA loans will increase April 1 and June 1. Characteristically, the announcement isn’t clear on the impact to consumer borrowers, so here’s a quick description. If you’re getting a home loan with less than 20% down, … [Read more...]
CMG Mortgage Insurance Co. Announces New SVP
February 3, 2012 by
San Francisco-based CMG Mortgage Insurance Co. Originally posted here: CMG Mortgage Insurance Co. Announces New SVP … [Read more...]
FHA Finalizes Rule, Toughens Lender Insurance Criteria
January 21, 2012 by
The Federal Housing Administration finalized a new rule Friday that makes it tougher to qualify for loans insured by the agency. To qualify for mortgage insurance, lenders must offer up evidence that their seriously delinquent and claim rates remain at or below 150 percent of aggregate rates in home … [Read more...]
PMI Assisting on the Path to Homeownership
August 31, 2011 by
Mortgage Insurance Companies of America (MICA), a trade association representing the private mortgage insurance (PMI) industry, has released its monthly statistical report with member companies reporting a total of $601,699 million in primary mortgage insurance (MI) in force for the month of … [Read more...]