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House Passes FHA's Fiscal Solvency Act
The Federal Housing Administration (FHA) Fiscal Solvency Act of 2012 has been passed by the full House of Representatives by a vote of 402-7. The Fiscal Solvency Act includes provisions to strengthen...
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Radian Launches MI Rate Finder App for iPhone and iPad
Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., has announced the availability of its new MI rate finder app, Radian Rates, in the App Store. The free app, which is...
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Radian Partners With Loan Value Group on HAMP Incentives for Borrowers
Radian Guaranty Inc., the private mortgage insurance (MI) subsidiary of Radian Group Inc., has announced that it will begin offering a unique program, the Responsible Homeowner Reward (RH Reward), to...
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Radian MI Now Available Via the LPS PCLender LOS
Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., has announced completion of an interface with the origination technology division of Lender Processing Services (LPS),...
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Radian to Provide MI on HarmonyLoan Feature
Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., has announced that it will provide MI on loans within the HamonyLoan platform. HarmonyLoan is a mortgage feature...
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First-Time Homebuyers Not Riding the Wave of Recovery
Despite growing signs that the housing market is starting to recover from the depression-like conditions of the past few years, first-time homebuyers don’t seem to be benefiting from that recovery....
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HOPE NOW to Bring Hurricane Sandy Assistance to Long Island Area
HOPE NOW, a partnership of mortgage firms, insurance companies, non-profit housing counselors and local partners, has announced that on Saturday, Dec. 15, it will bring together homeowners in the Long...
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Radian's MI Now Available Through Mortgagebot’s LOS
Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., has announced a completed integration with Mortgagebot, a D+H company, to include Radian MI in its loan origination...
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All Conditions to Freddie Mac Approval of MGIC Subsidiary Satisfied
MGIC Investment Corporation has announced that it will be transferring $100 million to its subsidiary Mortgage Guaranty Insurance Corporation (MGIC) and that all other conditions required by Freddie...
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Real Estate Brokerage Owner Pleads Guilty in Multi-Million Dollar NY Fraud...
Mitchell Cohen, the owner of the now defunct Buy-A-Home real estate brokerage business, pleaded guilty to one count of conspiracy to commit wire, bank and mail fraud in connection with a...
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GAO Classifies the FHA as "High-Risk"
The Government Accountability Office (GAO) has released an update on its High-Risk Series, wherein Financial Services Committee Chairman Rep. Jeb Hensarling stated that the FHA is incredibly vulnerable...
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LPS Develops New Model to Order MI
Lender Processing Services Inc. (LPS) has announced the launch of new mortgage insurance (MI) products through the LPS Loan Quality Gateway. Customers may now place automated orders for MI products for...
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Genworth Releases New Rates and Comparisons Tool
Genworth U.S. Mortgage Insurance (USMI) has announced the release of an enhanced, easy to use mortgage insurance (MI) rates and comparisons tool that can increase loan officer and processor...
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Phillip Bracken Joins Radian as Chief Policy Officer
Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., has announced the addition of 30-year mortgage industry veteran Phillip Bracken to the team in the newly created role...
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Radian to Provide MI Rate Quotes Within Optimal Blue
Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., announced a partnership with Optimal Blue where pricing for Radian MI will be available within the Optimal Blue...
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360 Mortgage Group Releases No MI NOMI Offering
360 Mortgage Group has announced that it has expanded its product portfolio by offering a new No Mortgage Insurance Loan or “NOMI Product” to borrowers purchasing a home. This first-of-its-kind NOMI...
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Radian Announces Integration With Encompass360
Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., announced a direct integration with Ellie Mae’s Encompass360, an end-to-end mortgage management solution. “We are...
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Refi Volume Drops to Lowest Level in Two Years
Mortgage applications decreased three percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 21,...
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National MI to Insure Nearly $5 Billion in Residential Homes
National Mortgage Insurance Corporation (National MI) has announced that it has agreed to insure an amount approximating $5 billion in residential mortgages in its first risk transfer transaction with...
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Genworth Alters Underwriting Guidelines
Genworth U.S. Mortgage Insurance (USMI) has announced that it will reduce rates and expand its Simply Underwrite guidelines to eliminate nearly all overlays and ensure ease of use for customers that...
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