The company reported a net loss of $12.7 million, or 7 cents per share, for the third quarter ended Sept. 30, compared with a net profit of $14.3 million, or 11 cents per share, a year earlier.
The results included a loss of $7.1 million on investments, compared with a net gain of $84.7 million in the year-earlier period.
New mortgage insurance written rose to $13.7 billion from $10.6 billion.
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Theresa Niemiec, wife of Quicken Loans Executive Vice President Austin Niemiec, has filed a defamation lawsuit against Anthony Casa, CEO of the Association of Independent Mortgage Experts, for comments he made about her in a video message that he filmed and sent to her husband and others in the mortgage industry.
Flagstar Bank told HousingWire Monday that it is cutting ties with the Association of Independent Mortgage Experts over the recent comments and actions of its chairman, Anthony Casa.