United Guaranty Insights United Guaranty Insights - 2015 Archive

How Buying Now Versus Renting Can Produce Savings
Valerie Ausband
By Valerie Tucker Ausband, Regional Vice President for the Southeast
United Guaranty Corporation
Posted on December 4, 2015

To understand the struggles of first-time home buyers trying to move from renting to purchasing, consider that a 20 percent down payment on a median-priced home averages $36,500 across the US, according to an analysis Zillow published in November.
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United Guaranty Earns Globally Recognized ISO/IEC 27001 Certification
Joe Weider
By Joseph Weider, Executive Vice President, Chief Information Officer, Chief Business Officer
United Guaranty Corporation
Posted on November 20, 2015

Congratulations to United Guaranty's Information Technology (IT) Team for achieving ISO/IEC 27001 Certification—a globally recognized standard for managing information security risk.
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Buy vs. Rent Equation Differs for Millennials
JoAnne Skerritt
By JoAnne Skerritt, Regional Vice President
United Guaranty Corporation
Posted on November 10, 2015

Generally, it's cheaper to buy a home rather than pay rent. That's also true for millennials, but to a lesser degree, according to a recent study by Trulia, an online listing service for home sales and rentals.
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Advanced Predictive Modeling—Applications to Drive Identification of Underwriting Issues
Jim Krueger
By Jim Krueger, Vice President, Risk Management
United Guaranty Corporation
Posted on September 29, 2015

Recently, United Guaranty's Risk Management team was invited to be a presenter at the MBA's Risk Management, QA & Fraud Prevention conference to talk about some of the advanced work we're doing with predictive modeling, which leverages statistics to analyze current and historical data to help manage risks.
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September: In Celebration of Hard-Working Mortgage Pros
Greg Hare
By Greg Hare, Senior Vice President, Chief Customer Officer
United Guaranty Corporation
Posted on September 11, 2015

Ahh, September. There's a slight chill in the morning air and the school busses are back on the road to signal that it's time for us all to celebrate National Mortgage Professionals Month.
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The Argument Against the Biggest Possible Down Payment
Susan King
By Susan King, Regional Vice President, Western Region
United Guaranty Corporation
Posted on September 8, 2015

There's a tendency to think of mortgage insurance (MI) as an option that is only for borrowers who lack the savings to make a down payment of 20 percent or more. In truth, there are plenty of highly qualified individuals and families who have ample savings, but who still choose MI due to the flexibility it offers.
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United Guaranty Transaction Opens Capital Markets for MI Industry
Chip Compton
By Chip Compton, Executive Vice President and Chief Financial Officer
United Guaranty Corporation
Posted on August 25, 2015

Recently, United Guaranty diversified its capital sources through a transaction with Bellemeade Re that provided United Guaranty with $298.9 million indemnity reinsurance for a portfolio of mortgage insurance (MI) policies issued from 2009 through the first quarter of 2013. It's the first transaction of its kind in the MI industry in nearly a decade—and it will actually make our industry financially stronger by bringing the attention of the capital markets to it.
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A Salute to the Unsung Heroes of the Mortgage Process
Brian Gould
By Brian Gould, Chief Operating Officer
United Guaranty Corporation
Posted on August 4, 2015

Let me start by dedicating this blog to United Guaranty's underwriters. We have the best underwriting team in the industry. It's also the largest at more than 200 individuals, and every single one of them deserves recognition for the incredible job they do.
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Advantages of Private MI Stand Out as Article Describes Cost of FHA Mortgages as "Onerous"
Bryon Jones
By Bryon Jones, Senior Vice President, Strategic Accounts
United Guaranty Corporation
Posted on July 31, 2015

Sometimes it takes an outside perspective to shine a new light on things. Over the years, United Guaranty has worked to spotlight the many advantages of our mortgage insurance (MI) over FHA.
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A First Step for First-Time Home Buyers
Randy Repeta
By Randolph Repeta, Vice President of Operations Support
United Guaranty Corporation
Posted on July 17, 2015

What's the best advice you can give to first-time home buyers? Recommend a free, online course covering all aspects of the home purchasing process.
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MI Disclosure Under TRID
Elizabeth Collins
By Elizabeth Collins, Deputy General Counsel and Senior Vice President,
United Guaranty Corporation
Posted on June 30, 2015

A delay in the effective date of new TRID requirements gives lenders a little more time to prepare.
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Ensuring Flexibility and Mortgage Insurance Price Stability with TRID
Jerry Bryant
By Jerry Bryant, Senior Vice President, Portfolio Management & Modeling
United Guaranty Corporation
Posted on June 16, 2015

TRID will usher in numerous changes for lenders, but you can be certain United Guaranty isn't altering the way you get an MI rate quote or other processes you're familiar with.
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Winning When Borrowers Compare: TRID and United Guaranty's Risk-Based Pricing
John Gaines
By John Gaines, Senior Vice President, Chief Underwriting Officer
United Guaranty Corporation
Posted on June 8, 2015

At more than 1,800 pages, TRID requirements certainly provide a challenge for the housing industry, especially with TRID becoming effective with loan applications submitted on and after August 1.
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HARP Plays on Through 2016
Teresa Chalmers
By Teresa Chalmers, Operation Team Manager, Loan Modification
United Guaranty Corporation
Posted on

Providing very good news for homeowners who saw the value of their homes decline in recent years, the federal HARP refinance program has been extended through 2016.
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Private Mortgage Insurance Offers Big Savings Up Front and over the Life of the Loan
Chris Clement
By Chris Clement, Senior Vice President-Field Production
United Guaranty Corporation
Posted on

I'll start with a simple fact: Borrowers who choose private mortgage insurance (MI) can save $26,519.46 over FHA during the life of a $200,000 loan —with a 5 percent down payment. It's something that's been largely overlooked in all the attention the press devoted to the FHA's 37 percent rate cut in January.
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The Home Buyer's Dilemma: Save or Buy Now?
Bryon Jones
By Bryon Jones, Senior Vice President, Strategic Accounts
United Guaranty Corporation
Posted on

Is it better to save up to purchase a home or should you buy right now? Assuming the borrowers have strong credit and are good candidates for a loan with mortgage insurance (MI), it may be better to buy sooner rather than later.
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Five Ways for Credit Unions to Connect with Real Estate Agents
Shannon VanSickler
By Shannon VanSickler, Vice President, Credit Union Channel
United Guaranty Corporation
Posted on

Your members' homes are the foundation from which their life grows. When neighbors talk about possible future moves over a back fence, your credit union should be part of that conversation.
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Providing a Helping Hand to First-Time Home Buyers
Michael Hitt
By Michael Hitt, Senior Vice President, Insurance Operations
United Guaranty Corporation
Posted on

For many Americans, buying and moving into a first home stands as one of the most enjoyable milestones of adulthood. Yet, eating pizza by candlelight amid a pile of moving boxes is an experience that many young people are missing out on—despite historically low interest rates.
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