U.S. mortgage insurer Radian has acquired Inigo, a Lloyd’s specialty insurer, according to an announcement on Thursday. Radian has agreed to pay $1.7 billion for Inigo. The transaction will primarily be all-cash, which Radian said will be funded from its available liquidity sources and excess capital from its subsidiaries. According to the release, this $1.7 […]
Radian acquires specialty insurer Inigo for $1.7 billion Read More »
The Michigan State Housing Development Authority (MSHDA) announced on Thursday that it is partnering with the Tobias Harris Homeownership Initiative, Guild Mortgage and Homium on a pilot shared-appreciation mortgage program aimed at expanding access to homeownership in Detroit. The effort is backed by Detroit Pistons basketball player Tobias Harris. The mortgage product will provide qualified
Detroit’s new 40% down payment assistance program Read More »
The Financial Crimes Enforcement Network (FinCEN), its director Andrea Gacki, as well as the Department of the Treasury and its secretary, Scott Bessent, do not believe their anti-money laundering rule, which is slated to go into effect on Dec. 1, 2025, will cause Fidelity National Financial (FNF) irreparable harm. The defendants made these claims in
FinCEN defends anti-money laundering rule ahead of Dec. 1 deadline Read More »
The Impact Group, a top-ranked 31-agent real estate team based in Denver, has joined eXp Realty, the brokerage announced. The team — supported by four staff members — closed $305 million in sales across 429 units in 2024. The Impact Group has ranked first in the Denver Metro Association of Realtors sales rankings for two
The Impact Group, a top-ranked Denver team, joins eXp Realty Read More »
Key Insight: The CFPB still exists and mass layoffs have not yet occurred but the Trump administration has dropped enforcement actions and eliminated rules, nullifying the agency’s broad reach. Expert Quote: “The last eight months or so have been unlike any others with just a completely different tenor, completely different levels of activity and a
How the Trump administration has neutralized the CFPB Read More »
Key insight: The Federal Reserve’s move to cut rates was bolstered by growing concern over a softening labor market. Expert quote: “Almost everyone wrote down support for this cut. Some supported more cuts, and some didn’t — and that’s just how it is,” — Fed Chair Jerome Powell What’s at stake: Despite the Fed moving
More rate cuts eyed as Fed zeroes in on soft labor market Read More »
If You’re One of Those People Asking How Much Lower Your Mortgage Rate Quote is After Fed Day, This is Required Reading It’s day two of mortgage rates surging higher–now back to the highest levels in 2 weeks (the day before the September 5th jobs report). The juxtaposition of yesterday’s Fed rate cut and the
New data shows growing use of product, pricing and eligibility engines has given nonbank mortgage executives, their loan officers and others more immediate access to capital-markets information that could be a competitive advantage. It also points to opportunities that could jumpstart mortgage professionals’ careers, depending on their goals and interest in these developments. Most of
Why cap markets tech use has grown and what it means for LOs Read More »
Radian Group is diversifying its operations away from real estate finance, exiting its businesses outside of mortgage insurance and purchasing a specialty underwriter. In related moves, Radian will be acquiring Inigo Limited, a Lloyds specialty insurer for $1.7 billion in what it termed “a primarily all-cash transaction.” Meanwhile, in what Radian lately has called its
Radian says hi to specialty insurer, bye to conduit, title Read More »
Adobe Stock Rate, a large conventional mortgage lender, launched a Spanish language version of its Rate App Thursday to better serve Latino customers. The release enhances the company’s Language Access Program, as Rate has seen more than 20,000 digital mortgage applications from Spanish-speaking customers since the program started in 2022. The move encourages Spanish-speaking borrowers
Large mortgage lender launches mobile app in Spanish Read More »