MBA’s President and CEO Bob Broeksmit, CMB, released a statement regarding HUD’s proposal to level upfront and annual mortgage insurance premiums for its FHA Multifamily Accelerated Processing programs.
Tag: Mortgage Insurance
Fitch Says Mortgage Insurers Will See ‘Limited’ Earnings Pressure from Catastrophes
Fitch Ratings, New York, said recent natural catastrophe activity from wildfires and hurricanes will likely incrementally increase mortgage delinquencies, but will have a relatively immaterial effect on ultimate paid claims experience and ratings for mortgage insurers.
MISMO Publishes Updated Mortgage Insurance Rate Quote Implementation Guide and Sample Files
MISMO, the real estate finance industry’s standards organization, announced the publication of updates to the Mortgage Insurance (MI) Estimated Rate Quote API Implementation Guide (iGuide) and Sample Files.
MISMO Seeks Comment on Mortgage Insurance Estimated Rate Quote API Implementation Guide & Sample File Revision
MISMO®, the real estate finance industry’s standards organization, is seeking public comment on a revision to the previously published Mortgage Insurance Estimated Rate Quote API Implementation Guide & sample files. The 30-day public comment period runs through May 31.
MISMO Calls for Participants to Join New Workgroup on Application for Mortgage Insurance Benefits
MISMO, the real estate finance industry’s standards organization, issued a call for industry professionals to join a new development workgroup focused on creating an enhanced replacement for the existing Electronic Data Interchange 260 Application for Mortgage Insurance Benefits.
Fitch: U.S. Mortgage Insurers’ 2023 Performance Pressured by Inflation, Slowing Home Prices
Fitch Ratings, New York, said stronger headwinds brought on by a slowing U.S. economy and falling home prices will likely weigh on U.S. mortgage insurers next year.
Jim Paolino of Lodestar: Perfect Storm of Market Trends May Finally Drive Automation Focus to CX
The Great Resignation, in combination with a sharp pivot from refinance to purchase transactions, may force lenders to digitize back end functions that have long been manual.