quarter of 2015, compared to $45.9 million in the first quarter of 2015, and $64.6 million in the prior -year period. The loss ratio in the second quarter was 13.3 percent, compared to 20.4 percent in the first quarter of 2015 and 31.7 percent in the second quarter of 2014. Mortgage insurance loss reserves were $1.2 billion as of June.
The implication is that they’ll be perfectly willing to jump right back up to yesterday morning’s levels, even if stocks aren’t quite there yet. Any tactical opportunity to float has passed. 2017 had.
Wells Fargo officially reaches $1.2B settlement over its FHA lending FHFA: Principal reduction would cost Fannie, Freddie $100 billion alabama supreme court rules in favor of MERS Fewer banks tighten mortgage underwriting standards Harry Gardner appointed to MISMO’s board of directors Bankrupt Detroit may soon face delayed foreclosure process powered by the tampa bay times, tampabay.com is your home for breaking news you can trust. Set us as your home page and never miss the news that matters to you. Sources: ComScore, Nielsen.02.13.18 Docutech’s Harry Gardner Elected Chair of ESRA Board of Directors. SCOTTSDALE, AZ, Feb. 13, 2018 – Harry Gardner, executive vice president of eStrategies for Docutech, was named chair of the board of directors for the Electronic Signatures and Records Association (ESRA) for 2018. Gardner has participated in ESRA’s activities since its inception and joined the organization’s.Congress, Wall Street will cause the next financial crisis Financial crises | The Economist – A history of finance in five crises, from 1792 to 1929. What can we learn from previous financial crises, and what can be done to prevent the next one? With interactive graphics, video, animations.Last week the federal housing administration, whose reverse mortgage program dominates the field, adopted guidelines tightening eligibility. that looks a lot like the underwriting process used for.In late 2013, the Alabama Supreme Court issued three important decisions regarding Alabama's law of foreclosure and assignments.. a note and mortgage in favor of SouthStar Funding, with MERS as the lenders nominee.FHFA Acting Director Edward DeMarco has long said a principal reduction program on GSE loans would cost taxpayers too much. As of the end of the third quarter, Fannie and Freddie already owe a combined $151 billion in bailouts to the government.Big shot digital director: There’s no FOMO for Millennial mortgages Disney, Comcast Pour Cash In Virtual Reality As The. – And despite no guarantees that virtual reality will have staying power as a new medium, the threat of losing more tech-savvy millennial viewers seems very real, giving Walt Disney , Comcast , Time.Wells Fargo, the nation’s largest mortgage lender, has agreed to pay $1.2B to settle claims it engaged in mortgage insurance fraud through the FHA program. The deal was reached on Feb. 1, an SEC.Arizona loses spot as foreclosure-riddled state The Cats won the Pac-12 South and finished 10-4 after a 38-30 loss to Boise State in the Fiesta Bowl. is likely to stay at cornerback after playing at that spot as a true freshman. Arizona will.Real estate bubble is in the making expert says The Real Estate Bubble – economyandmarkets.com – Over the past month or so, Harry has been relentlessly giving you coverage on the current state of real estate.. He’s looked at the demographic trends that go hand in hand with the current bubble, determining that, without a reset, the economy will weaken over time.. He’s covered the "dream on hold," the reasons for it, and the potential outcome of this occurrence in a two-part series.
New mortgage insurance written (NIW) surged 25% year over year to $10 billion in the quarter. Notably, the quarter’s NIW consisted of loans with excellent risk-return characteristics.
Of the $10.1 billion in new business written in the first quarter of 2017, 25 percent was written with single premiums. Net single premiums written, afte r consideration of the 35 percent ceded under the Single Premium Quota Share Reinsurance Transaction , was 16 percent in the first quarter of 2017.
The first title insurance company, the Law Property Assurance and Trust Society, was formed in Pennsylvania in 1853. The vast majority of title insurance policies are written on land within the United States. Typically the real property interests insured are fee simple ownership or a mortgage.
Mortgage rates resumed their recent trend higher today. Yesterday had been the first day since June 27th without noticeable weakness–raising some hope that the negative trend might be running out of.
Old Republic International Corporation’s title insurance earnings performed well in the first quarter 2017, far outpacing last year’s first quarter. On the other side, the company’s mortgage insurance business didn’t perform as well, falling from the same period a year ago.
So what. For the quarter, Radian Group reported a nearly 8% year-over-year decline in revenue to $288.8 million, yet it managed a 16% improvement in net income to $76.5 million, which worked out to $0.37 in EPS on an adjusted basis. New mortgage insurance written also rose by 25% year over year to $10.1 billion.
Fewer banks tighten mortgage underwriting standards FDIC Warns Banks on HELOC Freezes, REO Management · The special reserve covers an $11.9 billion portfolio of loans that the bank originated or acquired through indirect sources such as mortgage brokers, Wells explained. That portfolio will be sold off under the guidance of a dedicated management team, the bank added.Registers of Deeds ask Iowa AG to postpone servicer settlement The parties hereto apply to the Chief Land Registrar to enter a note of this deed against the Register of Title of the Property. 4. It is agreed that both the Society’s Charge and the Lender’s Charge shall be continuing securities for the. DEED OF POSTPONEMENT · Lenders started to tighten up on underwriting standards, making less mortgage money available.. fewer people were in the market for homes, and.
While the rest of the market has rallied during the first few months of this year, shares in American International Group (AIG) have struggled thanks to a large, unexpected reported loss for the fourth quarter of 2016. For the fourth quarter, the company reported a $3 billion loss, thanks to.