FHA mortgage insurance rates to be slashed in 2 weeks

homeowners mortgage insurance credit score

As of January 26, premiums on a loan from the Federal Housing Administration could be cheaper. The Federal Housing Administration has now released the details of its intentions to lower the premiums on mortgage insurance, in an announcement that followed closely on the heels of the unveiling of President Barack Obama’s intentions to give the first time home purchasing market a boost. There will be considerable reductions in the insurance rates that will be charged on FHA-insured loans. For instance, when it comes to 30 year mortgages that have been…

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Insurance fraud rapidly growing among mortgage policies

homeowners insurance fraud

The rate of fraudulent cases has been rising very quickly, to the point of doubling in five years. The latest report based on Experian data has revealed that the rate of mortgage and insurance fraud has risen to 38 cases out of every 10,000 applications as of last year in the United Kingdom. This is over double the rate of the fraudulent claims that was recorded in 2007. The insurance fraud has been rapidly increasing since the start of the economic downturn and the credit crunch that was associated with…

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Mortgage insurance sector sees improvements from housing market growth

housing market insurance jobs

This sector of the industry is experiencing considerable benefits from the steady increase in real estate activity. Radian Group and MGIC Investment have experienced a boost this year as the data that supports the recovery for the American housing market continues to be collected, and is indicating that the mortgage insurance sector of the industry is experiencing measurable improvements. Two important reports were issued last week that show that home prices and sales in the U.S. are improving. The report entitled Research Driven Investing looked more deeply into the various…

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Mortgage insurance – added problem for U.S. housing

In the present financial crisis, policymakers in the U.S. have started analyzing the structure of the U.S. housing finance system and the role of the federal government in supporting the flow of money to the housing sector. Private Mortgage Insurers rank among the lesser known components of the present housing finance system. The recent downfall of PMI Group’s credit indemnity trade is a hint to the fact that, a huge part of the private sector of U.S. housing require some modifications. Quite similar to it’s rivals, MGIC and Radian, PMI…

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