Confidential - May not be used or redistributed without the expressed written permission of MGIC...

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Confidential - May not be used or redistributed without the expressed written permission of MGIC NIFA’s 2006 Affordable Housing Deal Makers‘ Marketplace NIFA’s 2006 NIFA’s 2006 Affordable Housing Affordable Housing Deal Makers‘ Deal Makers‘ Marketplace Marketplace

Transcript of Confidential - May not be used or redistributed without the expressed written permission of MGIC...

Page 1: Confidential - May not be used or redistributed without the expressed written permission of MGIC NIFA’s 2006 Affordable Housing Deal Makers‘ Marketplace.

Confidential - May not be used or redistributed without the expressed written permission of MGIC

NIFA’s 2006 Affordable Housing

Deal Makers‘ Marketplace

NIFA’s 2006 NIFA’s 2006 Affordable HousingAffordable Housing

Deal Makers‘ MarketplaceDeal Makers‘ Marketplace

Page 2: Confidential - May not be used or redistributed without the expressed written permission of MGIC NIFA’s 2006 Affordable Housing Deal Makers‘ Marketplace.

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Homeownership Today

MGIC Trade Marked Confidential Material - May not be used or redistributed without the expressed written permission of MGIC.

What is Private Mortgage Insurance?What is Private Mortgage Insurance?

MI contributes to accessible and affordable homeownership by increasing liquidity in the primary and secondary markets as a credit enhancement.

Private Mortgage Insurance (MI) provides coverage to lender or investor in event of borrower default.

It helps to make it possible for consumers to buy a house with as little as $500/1% of their own funds in down-payment.

Page 3: Confidential - May not be used or redistributed without the expressed written permission of MGIC NIFA’s 2006 Affordable Housing Deal Makers‘ Marketplace.

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Homeownership Today

MGIC Trade Marked Confidential Material - May not be used or redistributed without the expressed written permission of MGIC.

MGIC Emerging Markets-Mission FocusedMGIC Emerging Markets-Mission Focused

Develop and promote programs that attempt to reach under-housed, under-served populations

Serve the Emerging Markets with prime or near-prime pricing

Recognize rational cultural customs related to employment, savings, lifestyle, and language

Go beyond the FICO score and employ reasonable, uncompromising measures to determine borrower creditworthiness

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Homeownership Today

MGIC Trade Marked Confidential Material - May not be used or redistributed without the expressed written permission of MGIC.

To that end…To that end…

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Homeownership Today

MGIC Trade Marked Confidential Material - May not be used or redistributed without the expressed written permission of MGIC.

SmartPath™

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Homeownership Today

MGIC Trade Marked Confidential Material - May not be used or redistributed without the expressed written permission of MGIC.

97% LTV / 18%*

Coverage

Standard or A- Premiums

FICO 620+ or

Nontraditional credit

$69 or $113

< 620 $148 to $326

97% LTV / 18%*

CoverageSmartPath

Class I

(#1595)$63

Class II

(#1596)$101

Monthly Premiums on a $150,000 Mortgage…

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Homeownership Today

MGIC Trade Marked Confidential Material - May not be used or redistributed without the expressed written permission of MGIC.

Three Keys to Homeownership for Immigrants and the Unbanked

Identity: Income:

Credit:

Are the borrowers who they say they are?

Is the income supported by the documentation?

Is credit adequately established & is the credit picture complete?

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Homeownership Today

MGIC Trade Marked Confidential Material - May not be used or redistributed without the expressed written permission of MGIC.

Borrower benefits from:► Protection against rising rates on adjustable rate seconds► No borrower-paid MI► One low monthly payment► Maximum tax-deductibility► Lower closing cost

Offers originators:►Satisfied customers, because you provided an option that is simpler and safer and more sensible than a piggyback loan (one loan to process, underwrite and close)►Easier DU/LP approvals►Saves time to devote to developing new business►Increased commission with larger first mortgage

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Homeownership Today

MGIC Trade Marked Confidential Material - May not be used or redistributed without the expressed written permission of MGIC.

About MGIC’s Emerging Markets Team

Homeownership Today

Geoff Cooper—EM DirectorGeoff Cooper—EM DirectorDoug Iding—EM RepresentativeDoug Iding—EM Representative800-558-9900800-558-9900geoffrey_cooper@[email protected]

Michael WilliamsMichael WilliamsEM ManagerEM [email protected][email protected]

Mark IsquithMark IsquithEM ManagerEM [email protected][email protected]

Rosa Dalia HernandezRosa Dalia HernandezEM ManagerEM [email protected][email protected]


Mgic Kbw Final

Mgic Kbw Final

NATIONAL INSTITUTE OF FOOD AND AGRICULTURE · National Institute of Food and Agriculture (NIFA), I am pleased to present NIFA’s 2018 Annual Report. Through an integrated approach,

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MISMO Business and Standards Round-up Fall 2013 Educational Summit & Workshops MISMO Business and Standards Round-up Presenters: Kyle Bensen, MGIC, Chair.

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MGIC Perspectives on CECL · 2019-05-09 · Original Value $200,000 Original LTV 95% Original UPB $190,000 UPB at Default $186,654 Claimable Expenses $27,998 Total Claimable Amount

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How Mortgage Insurance Works - MGIC · How . Mortgage Insurance Works. S. ... on the unpaid loan balance, delinquent interest and foreclosure costs. There are several settlement options

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