Essent Guaranty of Philadelphia has been greenlighted by 35 states to write mortgage insurance policies and hopes to close its first policy early next year. "Early 2010 is when they'll start writing coverage," said a company spokeswoman. She noted that back in October Essent — which was formed by former Radian executive Mark Casale — had approvals from 24 states. On Tuesday Essent announced that it has closed on its purchase of technology assets and the operating platform of Triad Guaranty, an MI that is in self-liquidation mode.
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The incentive, meant to ramp up activity in Rocket's broker channel, is valid from Nov. 5 to Nov. 17.
3h ago -
Low supply and production volumes, though, have left values competitive, with two segments in particular holding promise for favorable returns, a new report said.
3h ago -
The company formerly known as Ocwen improved results on several fronts even though a secondary market price change reduced origination profits in one channel.
4h ago -
Analysts are watching both Vice President Kamala Harris and former President Donald Trump for potential regulatory picks, as well as how strongly Trump advocates for policies like tariffs and deportations that could impact the economy, inflation and bankers' prospects.
10h ago -
Leaders at financial institutions said borrower demand should pick back up, if slowly, following Tuesday's vote.
November 4 -
Even as home equity withdrawals hit a two-year high, utilization rate remained less than half of normal, ICE Mortgage Technology said.
November 4