ICE on a signing spree for new 'mortgage tech ecosystem'
In pursuit of a bigger slice of an estimated $14B market after Black Knight acquisition, Intercontinental Exchange signs 37 new Encompass clients and 4 new servicing clients
by Matt Carter Mar 21
LoanDepot lets buyers cover FHA down payment with 2nd mortgage
Available everywhere except New York, loanDepot's new 'accessZERO' program provides a down payment of up to 5% in the form of a 10-year fully amortized 2nd mortgage
by Matt Carter Oct 31
Private mortgage insurers have friends in high places
House lawmakers with differing views on Fannie and Freddie ask SEC not to hinder a system that private mortgage insurers have used to transfer nearly $68B in risk since 2015
by Matt Carter May 26
Real estate industry welcomes FHA premium cuts, with caveats
Premium cuts are expected to save borrowers $678M a year but don't apply to existing loans or release homeowners who have built up equity from 'life-of-loan' requirements
by Matt Carter Feb 23
Essent scooping up Finance of America's title businesses for $100M
Struggling lender's pivot to reverse mortgages creates an opportunity for big private mortgage insurer to acquire Agents National Title and Boston National Title
by Matt Carter Feb 2
NAR: New Fannie and Freddie mortgage fees will hit middle class
The mortgage giants' federal regulator eliminates upfront fees for first-time homebuyers of limited means, but some better-off borrowers will see increases starting May 1
by Matt Carter Jan 20
Industry groups renew push for lower FHA mortgage premiums
Black Homeownership Collaborative also asks HUD to ditch a 'life of loan' requirement that forces homeowners to continue paying mortgage insurance premiums in perpetuity
by Matt Carter Oct 17
Credit union invites members to back zero-down mortgages
Blue Federal Credit Union is partnering with real estate agents to find creditworthy borrowers for creative 'no-money-down' mortgage program
by Matt Carter Oct 4
Staircase automates underwriting of private mortgage insurance
MI Underwriting pulls documents and data directly from lenders, allowing mortgage insurers to make instant policy decisions at half the cost
by Matt Carter Sep 19
Polly integrated with all 6 primary mortgage insurers
Ability to retrieve quotes helps borrowers assess their options and streamlines the mortgage insurance process for lenders
by Matt Carter May 15
Flush with cash, FHA urged to lower mortgage insurance premiums
A new report warns that a 'sudden and severe' reversal in home price appreciation could stress the Federal Housing Administration's finances again
by Matt Carter Nov 15
More lenders jumping the gun on historic Fannie, Freddie loan limits
Rocket Mortgage and United Wholesale Mortgage — the nation's top 2 lenders — and at least 6 others are raising conforming loan limit to $625K ahead of FHFA announcement
by Matt Carter Oct 13
Mortgage insurer Enact's IPO is back on track
With investors showing renewed confidence, Genworth Financial is ready to move forward with plans to sell part of its mortgage insurance subsidiary in an initial public offering
by Matt Carter Sep 15
Private mortgage insurer National MI integrates with Mortgage Coach
Homebuyers who can't put 20 percent down now have more options when comparing loans
by Matt Carter Aug 24
Genworth postpones IPO of its mortgage insurance business
The company cited volatility in trading of mortgage insurance companies as the reason for delay
by Matt Carter May 13