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Many providers of mortgage insurance were severely affected by the housing crisis, resulting in a general increase in mortgage insurance premiums.
RealEC Technologies, the leading provider of Supply Chain Technology to the mortgage industry, announced the release of a new software solution designed to manage Mortgage Insurance ordering.
Mortgage insurance also differs from other property/casualty lines in that it is required to maintain a monoline business structure, which ensures that reserves related to mortgage insurance are not mixed with reserves for other business lines.
The mortgage insurance industry has made significant strides in accepting the concept of captives--insurance companies that insure or reinsure the risks of their parents or associated corporations.
The House approved a bill Tuesday to automatically cancel private mortgage insurance when it is no longer needed, a move that could save many homeowners hundreds of dollars a year.
Second, lenders often share their credit risk on a loan with either a private mortgage insurance company or a government agency.
The ratings reflect Triad's historical operating performance which has compared well with peers, as well as Triad's sound capital base, as measured under Fitch's proprietary mortgage insurance risk-based capital model, for its given ratings.
16 /PRNewswire/ -- Mortgage Guaranty Insurance Corporation (MGIC) today announced total automated processing of mortgage insurance claims in the X12 format.