U.S. Mortgage Insurers, Washington, D.C., released its yearly report, finding that the private MI industry provided mortgage insurance to more than 800,000 low down payment borrowers last year.
Tag: Mortgage Insurance
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 (MI) Estimated Rate Quote API Implementation Guide (iGuide) & sample files. The 30-day public comment period runs through May 31, 2024.
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 (DWG) focused on creating an enhanced replacement for the existing EDI (Electronic Data Interchange) 260 Application for Mortgage Insurance Benefits.
Fitch: 2024 Outlook for Mortgage Insurers Revised to Neutral
Fitch Ratings, New York, has revised its 2024 sector outlook for U.S. mortgage insurers to neutral. Previously the outlook had it at deteriorating.
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.
MISMO Issues MI Version 3.4 Implementation Guide for Electronic Ordering of MI Requests, Commitments
MISMO®, the real estate finance industry standards organization, launched an updated Mortgage Insurance Version 3.4 Implementation Guide.