Long-time mortgage industry executive Rick Thornberry is retiring as the CEO of the Radian Group just months after overseeing a major business shift into a multi-line insurer. Processing Content The company closed on its purchase of Inigo, a Lloyd’s specialty insurer in February; it is still in the process of selling its real estate services […]
Radian names ex-Mr. Cooper president as next CEO Read More »
The mortgage securitization market is facing two significant shifts: a proposed regulatory change that could reduce risk weights for private-label MBS, and an industry push for due diligence standards aimed at keeping up with surging growth in second-lien products. Processing Content The risk weighting for investment-grade MBS in the private market would fall from 20%
Securitization standards evolve for mortgages, home equity Read More »
The gap between inflation and home-price growth widened in March, as price gains continued to slow, an industry report found. Processing Content The S&P Cotality Case-Shiller home price index rose 0.7% annually in March, down from a 0.8% increase in the previous month. More than half of the major metropolitan markets in the United States
Gap between inflation and home-price growth widens in March Read More »