mi: History Repeats Itself with FHA - 02/23/10 01:08 AM
One thing we have learned through the credit crisis over the past two years is that capital is king. Banks and lenders need capital to write more loans. Insurance companies need capital to pay claims and write new policies.
Many of the changes private MI companies introduced to the market over the past two years were an effort to put and keep qualified borrowers in homes while maintaining their risk-to-capital ratios due to the rise in delinquencies. While change can be uncomfortable and frustrating, restrictions on LTV, FICO, etc., were an effort to assure loan performance and maintain capital within mandated … (2 comments)

Steve Richman (Genworth Financial)

Steve Richman

Raleigh, NC

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Genworth Financial

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