«The
U.S. mortgage insurance industry welcomes Secretary Carson's statements that more private capital needs to be brought into the mortgage market and USMI members stand ready to do more, building on the industry's 60 - year history as an effective and time - tested source of credit loss protection.
USMI and the private
mortgage insurance industry look forward to working with Deputy Secretary Patenaude going forward to establish a more equitable and robust housing finance system.»
Fannie Mae, Freddie Mac, and the private
mortgage insurance industry perceive that raising the FHA limits would cut into their business and skew the program to higher - income borrowers who don't need it.
David Dodge, the former Bank of Canada governor, told me earlier this year in an interview about housing policy that he would nationalize
the mortgage insurance industry; not because he is a Communist, but because it always will be taxpayers who clean up the messes of bankers, especially when it involves houses.
Canada's
mortgage insurance industry is not entirely government - run.
Easing within
the mortgage insurance industry could allow borrowers to purchase a home with a down payment as low as 3 %.
Easing within
the mortgage insurance industry could allow borrowers to purchase a home with a down payment as low as 3 %.
«Our entry to the Canadian market marks a new and exciting chapter in
the mortgage insurance industry, since it has been more than a decade since a new mortgage insurer has entered the market,» says President and CEO Andy Charles, says, «We are working diligently to meet the Office of the Superintendent of Financial Institution's final requirements in order to commence business.»
NAR believes the federal government has a vital role to play in
the mortgage insurance industry, though the operation of the FHA program's administration can be improved.
Nearly 131,000 borrowers opted for loans with private mortgage insurance in September, the most recent data available as of late November, according to the Mortgage Insurance Companies of America, a trade association representing the private
mortgage insurance industry.
Without the private
mortgage insurance industry, the low - down - payment financing options mentioned above probably wouldn't be available anymore.
Easing within
the mortgage insurance industry could allow borrowers to purchase a home with a down payment as low as 3 %.
As a sales and marketing leader in the private
mortgage insurance industry, the customer segments I typically look at are loan officers, mortgage underwriters, branch operations managers, servicers, secondary markets officers, and Presidents / CEOs.
Those critics, from the lending and
mortgage insurance industries, say the companies» moves pose risks to the economy.