Posted To: Pipeline Press
Where does the penalty money that the CFPB collects go? And is it correctly disbursed? The Office of the Inspector General (OIG) has some thoughts on whether or not the flow of funds is being handled correctly. In other news, things are movin' and shakin' in the MI business. United Guaranty's spinoff from American International Group will result in changes to its capital structure that could shake up the competitive landscape in the private mortgage insurance market. National MI saw Moody's report that it, "NMIC's Ba2 financial strength rating reflects the view that the company has yet to attain scale and will require growth and additional capital to reach that point. While Moody's believes that additional funding and growth can be attained, it sees significant uncertainties related to both...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1UGeX4X
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