Our mortgage industry blog, MGIC Connects, is where experts share their insights beyond private mortgage insurance to help readers learn about mortgage finance, housing trends, real estate news and social media in the mortgage industry.
Like a Fine Red Wine MI Offers Health Benefits – For the Balance Sheet
Who isn’t pleasantly surprised when we discover that something we’re doing or eating or drinking has unexpected benefits? Here’s one: Mortgage insurance (MI) can materially improve your capital position and stress test results.
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The Value of MI: Credit Losses
Brace yourself. Losses are coming. Since I’m not able to predict the future, I can’t tell you when these losses are coming, but there’s no real dispute that at some point, loan losses are going to increase.
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Most Popular Mortgage Articles of 2018
For many, a new year brings a fresh start, a chance to reflect and plan. We, the MGIC Connects editorial team, are no different! As part of our annual editorial planning, we used data from 2017 to help guide 2018 content. As a result, we made some adjustments and tested to see the impact.
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Year of Change and Adjustment: 2018 Mortgage Industry Recap
I have always found that looking back at the previous year (in this case 2018) with the benefit of 20-20 hindsight helps us to see where we need to head in the future.
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Reduce the Impact of CECL with Mortgage Insurance
Currently, within companies, trade publications and the halls of government in Washington, D.C., a lot of attention is being paid to current expected credit loss (CECL), a new accounting standard. There are armies of accountants and analysts just waiting to help you adapt to CECL, and numerous trade associations are lobbying to push back the standard. So, what does this mean?
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News from the 2018 Mortgage Bankers Association Convention & Expo
The residential mortgage finance industry converged in Washington, D.C., Oct. 14-17, for the Mortgage Bankers Association Annual Convention & Expo. In contrast with last year, the good news is lenders appeared more prepared for a purchase market. The bad news is…
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4 Facts About Credit Scores Loan Officers Need to Know
There are 4 facts about credit scores loan officers need to know, because in the mortgage finance industry we sometimes hear the following from borrowers:
“Are all credit scores the same?” or perhaps more often, “Why aren’t all credit scores the same?” There can be several answers to these questions.
Getting Started with Social Media in the Mortgage Industry
Getting started with social media in the mortgage industry can be daunting. You clearly see the value in social media, but you’re not clear on the best way of getting started with social media in your industry. Here are some of the easiest and best social media tips I have on how you can get started.
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Mortgage Market Trends: National Housing and Economic Forecasts
Fannie Mae, Freddie Mac and Mortgage Bankers Association (MBA) forecasts predict 2019 total origination volume will be comparable to this year, with a modest drop in refinance share counter-balanced by another year of increased home sales and housing starts.
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15 is Greater Than 20 – A New Angle Dispelling an Old Mortgage Myth
When is 15 greater than 20? It sounds like a riddle, but the answer is no joke. Media stories perpetuate the utterly false mortgage myth that you need to put 20% down when buying a home.
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