Radian Timely Topics: Can Mortgage Insurance (MI) Offset Homeowners Insurance Increases?

Download the QRG version of this episode: https://www.radian.com/-/media/Files/Enterprise/Training/QRG/TimelyTopics-QRG-Can-MI-Offset-HOI-Increases

Rising homeowners insurance costs are making headlines, particularly in regions prone to natural disasters like hurricanes and floods. These surging premiums are creating significant challenges for mortgage affordability, affecting borrowers' ability to secure loans and purchase homes.

In this Radian Timely Topics video, we will explore:
- The dramatic increase in homeowners insurance premiums
- The impact of these rising costs on affordability and debt-to-income ratios
- How Radian Guaranty's CustoMIze SplitEdge® may help offset increased expenses
- An example scenario illustrating the potential benefits of CustoMIze SplitEdge®
- Strategies for supporting borrowers in achieving homeownership amidst rising costs


Timely Topics video series: keep up to date with videos and job aids on recent GSE guideline changes, updates, and hot topics around the mortgage and real estate industry. Find more episodes at https://www.radian.com/news-and-knowledge/training/timely-topics?utm_source=training&utm_medium=video-description&utm_campaign=timely-topics


Resources
- Radian Timely Topics: How Natural Disasters Impact Mortgages: https://videos.radian.com/watch/tAPnQ8jykwg1uDoUxKTvi2
- MI Products 101 Video Series: https://www.radian.com/news-and-knowledge/training/products-and-services/mi-products-101?utm_source=training&utm_medium=video-description&utm_campaign=timely-topics
- HousingWire - Surging home insurance premiums challenge mortgage industry, regulators: https://www.housingwire.com/articles/surging-home-insurance-premiums-challenge-mortgage-industry-regulators/
- HousingWire - Available home insurance policies in US have dropped 53% in 2023: https://www.housingwire.com/articles/available-home-insurance-policies-in-us-have-dropped-53-in-2023/
- HousingWire - Wildfires threaten 2.6 million homes in the western U.S.: CoreLogic: https://www.housingwire.com/articles/wildfires-threaten-2-6-million-homes-in-the-western-u-s-corelogic/
- REALTOR® Magazine - States Where Home Insurance Costs Are Surging Highest: https://www.nar.realtor/magazine/real-estate-news/states-where-home-insurance-costs-are-surging-highest
- Stratmor Group - Catastrophe and Climate Risk Is Only Increasing: https://www.stratmorgroup.com/catastrophe-and-climate-risk-is-only-increasing/


Sign up for Radian National Training Updates: https://www.radian.com/connect-with-us?utm_source=training&utm_medium=video-description&utm_campaign=timely-topics