Real estate blog entries tagged with mgic

Blog entries tagged with "mgic":

mgic: MGIC Reduces Max LTV to 90% in California and Florida - 08/04/08 08:08 PM

Fannie Mae and Freddie Mac may offer a 95% LTV loan, but you can't get MI over 90%.
Makes things tough for the Mortgage Samson.

… (1 comments)

mgic: July 21: all quiet in the mortgage news front, but Bank of America earnings help stocks (not bonds)‏ - 07/21/08 09:21 AM

Usually I stop at Starbucks every morning, on the way from my bedroom to my bathroom. I was a little surprised that they put one of their outlets in my house last year, kicking my daughter out of her room, but I guess they figured that it made sense financially. As … (3 comments)

mgic: Minnesota Real Estate Market Trends From MGIC Link From Minnesota Mortgage Broker - 05/04/08 10:57 AM

We at Venture Development try and provide timely information so that you the consumer can make accurate decisions. We use various underwriting options to underwrite our files-sometimes it is with a PMI (Privated Mortgage Insurance) company. One of the biggest and most utilized is MGIC. They provide data and helpful third party … (0 comments)

mgic: Notes from the Oregon Homeownership Forum - 04/25/08 02:23 PM

Earlier this week, I went to the Oregon Homeownership Forum in Bend, which was sponsored by the Oregon Housing and Community Services, Oregon Association of Realtors and the Federal Reserve Bank of San Francisco. Great idea: gather together lenders, real estate agents, builders and housing-related nonprofit groups, and discuss affordable housing … (4 comments)

mgic: ITIN Market Up Date - 03/11/08 10:51 AM

ITIN Market Up Date
Mortgage Guaranty Insurance Corporation (MGIC, pronounced Magic) has eliminated their insurance program for any ITIN loans. MGIC was an industry leader of the ITIN Loans. Most bankers used the MGIC guidelines as a secured standard for re-selling these loans in the secondary market. One of the unique aspects … (2 comments)

mgic: PMI Changes - 03/08/08 12:08 PM

Mortgage Insurance has made it possible for home buyers to get in homes with little or no money down. Changes this past week with many of the top pmi companies are going to make it much more difficult to buy a home without a large down payment unless you have a … (5 comments)

mgic: MGIC - Is there good news in their $1.67 billion loss? Yes.... - 02/28/08 10:41 AM

Mortgage insurance giant MGIC issued their 4th quarter and 2007 figures this month. Included was a $1.67 billion (with a B) loss.
Many people only read the headlines on stories like this, then they would rather shoot their PC than read more doom and gloom.

I fought the urge and read … (0 comments)

mgic: Freddie Mac Is Making Some Changes-MN Mortgage Lender Says "Buy Now" - 02/23/08 12:29 PM

I've said it before, but it really does bear repeating once again "BUY NOW." The GSE-Government Sponsored Entities of Fannie Mae and Freddie Mac are the primary purchasers of the mortgages originated today. Some of the high loan to value loans go by the names of "My Community", "Home Possible" and the "Flex … (0 comments)

mgic: MGIC, restricts underwriting areas effective March 3, 2008 - 02/11/08 08:36 AM

Here's a memo, from the Mortgage Guaranty Insurance Company,
February 6, 2008 Dear Valued Customer:
As a result of our ongoing evaluation of market conditions and loan performance, we are making a number of changes to our base underwriting guidelines and have created a new set of guidelines for areas … (5 comments)

mgic: When and How is PMI Tax Deductible? - 01/01/08 11:36 PM

Good news to those who have recently obtained or plan on obtaining a loan with private mortgage insurance! IF you qualify, that mortgage insurance premium you're paying is tax deductible through the year 2010!
Newly passed by congress, the mortgage insurance deduction will be extended to 2010.
Do you qualify? Here are … (4 comments)

mgic: PsPrint and Myers Internet Announce Strategic Alliance for Mortgage and Real Estate Clients - 06/22/07 05:29 PM

Myers Internet and PsPrint today announced a marketing agreement to provide quality print and direct marketing services to Myers Internet customers. Since 1995, Myers Internet has provided real estate and mortgage professionals with quality website and online marketing tools. Realizing that direct marketing still plays a large part in the success of … (2 comments)

mgic: Avoiding Private Mortgage Insurance, PMI (at what cost?) - 05/08/07 10:17 PM

I recently had a client tell me the reason she wanted to put 20% down was to avoid private mortgage insurance. What she didn't realize, PMI could actually be avoided, reduced or leveraged without a 20% down payment. "Oh really", she exclaimed. You bet! PMI is more flexible than it has … (3 comments)