Tag Archives: Mortgage Insurers

Why Fannie Mae Shot Up 400% in Three Months

Posted on May 22, 2013 by sheri

Since both Fannie Mae and Freddie Mac were put in government conservatorship during the housing and mortgage market crashes, they are required to pay all profits to the U.S. Treasury department in the form of dividends. Shareholders get nothing. (Read … Continue reading →

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Why Fannie Mae Shot Up 400 Percent in 3 Months

Posted on May 21, 2013 by sheri

Since both Fannie Mae and Freddie Mac were put in government conservatorship during the housing and mortgage market crashes, they are required to pay all profits to the U.S. Treasury department in the form of dividends. Shareholders get nothing. (Read … Continue reading →

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California Department of Insurance announces $20.6 rate reduction for …

Posted on February 1, 2013 by sheri

Lender-placed mortgage insurers to reduce homeowner premium rates SACRAMENTO, CA – February 1, 2013 – (RealEstateRama) — Insurance Commissioner Dave Jones announced today a 35 percent rate reduction for lender-placed (also called force-placed) homeowner insurance coverage offered by QBE Insurance … Continue reading →

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Housing Still Precarious in Obama’s Second Term

Posted on November 8, 2012 by sheri

The housing market is on the slow road to recovery. Home prices in the last three months rose in 120 out of 149 metropolitan markets surveyed by the National Association of Realtors. Compare that to just 39 rising metros a … Continue reading →

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Real estate week in review (Nov. 21-25)

Posted on November 26, 2011 by sheri

Now that the Thanksgiving frenzy is (somewhat) over, take a minute and catch up on the real-estate world during the past week. October foreclosures Monday: San Diego foreclosures fell to their lowest level since November 2007 but notices of default … Continue reading →

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Obama Refi Plan is Not Housing Stimulus

Posted on October 25, 2011 by sheri

“President Obama is taking action.” At least that’s what the blog on the WhiteHouse.gov says today in describing the president’s trip to Las Vegas. “We can’t wait to help homeowners,” it goes. That action consists of revamping an existing government … Continue reading →

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Falling Home Equity Spurs Fear of Strategic Default

Posted on July 12, 2011 by sheri

Yesterday a lot of folks, including myself, were slightly incensed at the announcement by mortgage insurer PMI that it is launching a pilot program offering cash bonuses to borrowers who stay current on their mortgage payments. I went on a … Continue reading →

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Should Everyone Get Bonus For Paying Mortgage On Time?

Posted on July 11, 2011 by sheri

At what point is moral hazard trumped by corporate survival and the cold hard need to get people to pay their mortgages? The answer is: Now. As home values continue to fall and more borrowers fall into a negative equity … Continue reading →

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Does Private Mortgage Insurance Have a Place in the New Mortgage Order?

Posted on April 15, 2011 by sheri

It’s no surprise that the private mortgage insurance industry is fighting hard against proposed new risk retention rules for the mortgage industry. They are already trying to pick themselves up and dust themselves off from the near knockout punch the … Continue reading →

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Even Short-Term FHA Shutdown Will Hit Housing

Posted on April 8, 2011 by sheri

I was hoping not to have to write this particular piece, but it seems I may have no choice, so here we go with housing. What happens to today’s housing market without FHA loans? Right now FHA loans are about … Continue reading →

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