by Eric Klopfer | Aug 31, 2017 |
Recently the Consumer Financial Protection Bureau (CFPB) invited comment on its plans to assess its Ability to Repay/Qualified Mortgage (QM) rule. Federal law requires the CFPB to assess important rules every five years, and certainly the QM rule qualifies as...
by Eric Klopfer | Jul 27, 2016 |
The Republican Party wrapped up its convention in Cleveland a short time ago, nominating Donald Trump as its candidate for President. The Democrats followed the Republicans, nominating Hillary Clinton as their candidate for President at their Philadelphia convention....
by Eric Klopfer | Feb 18, 2015 |
A new report from the Urban Institute highlights not only the effectiveness of private mortgage insurance, but also what this could mean for lenders and borrowers. Certainly it’s no secret that the mortgage insurance industry suffered during the Great Financial...
by Eric Klopfer | Dec 5, 2014 |
While many in our industry applauded the proposed reintroduction by Fannie Mae and Freddie Mac (the GSEs) of a 3% down-payment loan with private mortgage insurance (MI), it certainly has not been unanimously well received. To be honest, many of us here at MGIC have...
by Eric Klopfer | Sep 18, 2014 |
Recovering from what is described as the most severe housing downturn the country has ever faced has been difficult and painful. So it is good to report some positive news on the mortgage insurance (MI) front. MGIC and other mortgage insurance companies are entering...