News

October 1, 2012 01:26 PM
MGIC stock shoots up after cutting new deal with Freddie

The stock of MGIC ($6.07 0.11%) shot up 18% in morning trading after Freddie Mac proposed a new...

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October 1, 2012 11:25 AM
MGIC stock shoots up after cutting new deal with Freddie

The stock of MGIC ($6.07 0.11%) shot up 18% in morning trading after Freddie Mac proposed a new...

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October 1, 2012 10:03 AM
Capital Economics: Window for building single-family rental portfolios closing

As home prices recover, investors looking to create pools of single-family rental properties could find themselves late to the party as values go up, Capital Economics warned in a report Monday.

Paul Diggle, an economist with the research firm, released a study saying...

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October 1, 2012 08:03 AM
Bank of America to extinguish up to 150,000 second liens

Borrowers with second liens owned and serviced by Bank of America ($13.43 0.07%) may qualify to get their subordinate debt extinguished...

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October 1, 2012 05:00 AM
Monday Morning Cup of Coffee: Mortgage rates to set more record lows

A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:

Mortgage rates after likely to grind lower as originators continue trying to attract the marginal borrowers who are increasingly less responsive. Last week, rates...

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September 30, 2012 01:51 PM
Monday Morning Cup of Coffee: Mortgage rates to set more record lows

A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:

Mortgage rates after likely to grind lower as originators continue trying to attract the marginal borrowers who are increasingly less responsive. Last week, rates...

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September 28, 2012 06:54 PM
QE3 to elevate stock market, home prices: Deutsche Bank

The third round of quantitative easing will raise the stock market by 3.1% and home prices by nearly 2%, assuming the program lasts through 2013, researchers at Deutsche Bank assert.

But not everyone agrees that the move with translate to helping the average American.

The ...

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September 28, 2012 03:56 PM
BofA to settle shareholders claims over Merrill Lynch for $2.43 billion

Bank of America ($13.43 0.07%) still has billions in potential liabilities tied to the Countrywide Financial legacy mortgage...

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September 28, 2012 04:02 PM
Grand Bank agrees to sell ICON residential mortgage unit

Grand Bank, N.A., out of New Jersey inked a deal Friday to sell its ICON Residential Lenders unit to Rushmore Loan Management Services.

The terms of the transaction were not disclosed. Grand Bank also appointed...

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September 28, 2012 12:22 PM
Genworth: Spin-off of MI unit is not necessary

Executives with Genworth Financial Corp. ($10.74 0.13%) are working with Moody's Investors Service as the...

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September 28, 2012 10:24 AM
New York AG settles WaMu appraisal case

New York Attorney General Eric Schneiderman announced a $7.8 million settlement with eAppraiseIT, and its then parent corporation, First American CoreLogic.

The company split into two entities in 2010 and eAppraiseIT went with CoreLogic as part of the valuation services...

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September 28, 2012 10:30 AM
More borrowers used private mortgage insurance in August: MICA

More borrowers used private mortgage insurance in the month of August to buy or refinance a home mortgage, according to data from the Mortgage Insurance Companies of America.

The industry trade group reached that conclusion by analyzing data from its members firms,...

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September 28, 2012 10:12 AM
More borrowers used private mortgage insurance in August: MICA

More borrowers used private mortgage insurance in the month of August to buy or refinance a home mortgage, according to data from the Mortgage Insurance Companies of America.

The industry trade group reached that conclusion by analyzing data from its members firms,...

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September 27, 2012 05:10 PM
Bipartisan group of senators denounce Basel III for small banks

A bipartisan group of 53 senators sent a letter to bank regulators expressing concern about applying new Basel III capital standards to community banks.

They sent the letter — spearheaded by Pat Toomey, R-Pa., and Mark Warner, D-Va. — to the heads of the Federal Reserve...

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September 27, 2012 04:59 PM
Bipartisan group of senators denounce Basel III for small banks

A bipartisan group of 53 senators sent a letter to bank regulators expressing concern about applying new Basel III capital standards to community banks.

They sent the letter — spearheaded by Pat Toomey, R-Pa., and Mark Warner, D-Va. — to the heads of the Federal Reserve...

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