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PMI cost is about to become murky
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m2c



Joined: 03 Aug 2005
Posts: 743

Posted: Wed Jul 02, 2008 7:07 pm    Post subject: PMI cost is about to become murky  

Is anyone else going crazy with all these new MI rates? OK collusion and monopolistic practices are “bad” but it was a lot easier when the “base” rates we (surprise, surprise) all the same. “Magic” is not till next week but I’d be curious if anyone know about their filing.

Could be an interest Reg Z issue if you fail to request the MI by the deadline date although this should be done before the final (closing) TIL. Hope some C-A attorney doesn’t argue that we have to go to the low cost provider notwithstanding balancing of risk.
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liverichly



Joined: 10 Feb 2005
Posts: 195
Location: Orange County, CA

Posted: Sun Jul 20, 2008 12:17 am    Post subject:  

I'm not going crazy... with the prices of everything else going up it's not surprising that MI companies are also raising their rates.


PMI: https://www.e-pmi.com/pmib/MIOrigination/GetRateServlet
RMIC: http://www.rmic.com/Pages/default.aspx
Genworth: http://mortgageinsurance.genworth.com/RatesAndGuidelines/RateCards.aspx
MGIC: http://www.mgic.com/rates/rates.html
Radian: http://www.radianmi.com/mortgage/rates.aspx
AIG: https://www.ugcorp.com/mirates.html
Triad: http://www.tgic.com/
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