The serious delinquency rate on the Federal Housing Administration's $1 trillion single-family loan portfolio edged closer to 10% in December as the pace of originations slowed in the fourth quarter.

A new national refinancing program unveiled by President Obama earlier in the week will rely on the Federal Housing Administration to refinance private and GSE mortgages, according to a report from Federal Financial Analytics in Washington.

Residential mortgages originated over the past two years are "among the best quality originations" on record, according to a new report from Lender Processing Services.

Raising guarantee fees on government-backed loans again would make a "bad situation worse," according to three industry groups that are lobbying elected officials to find new ways of funding a 10-month extension of the payroll tax holiday.

PHH Corp., which saw its CEO depart a few weeks ago, late Thursday named Charles Pizzi, the former chairman of the Federal Reserve Bank of Philadelphia, to its board.

Investors considering nonperforming loan purchases are increasingly concerned about title chains and finding related concerns that need to be cleaned up, according to a new manager at one vendor in this business.

Dynex Capital Inc., a real estate investment trust that buys agency and non-agency, residential and commercial mortgage-backed securities, has priced its 12.5 million share common stock offering at $9.12 per share, for gross proceeds of $114 million.