http://www.nationalmortgagenews.com/feeds/ON.xml Daily headlines from Origination News en Copyright 2009, SourceMedia, Inc. and Origination News. All rights reserved. Fri, 6 Nov 2009 20:46:02 EST andras.malatinszky@sourcemedia.com http://www.originationnews.com/images/on_logo.gif http://www.originationnews.com/ 278 60 http://www.originationnews.com/plus/ FBR Capital Markets increased its projected net loss for this year at The Radian Group, Philadelphia, as it believes credit losses will have a more significant near-term impact on the mortgage insurer. 2009-11-05 12:00:06 http://www.originationnews.com/plus/ A slight drop in the average weekly rate for 30-year conforming mortgages to a point slightly below the key 5% level could spur more interest in housing loans. 2009-11-05 12:00:05 http://www.originationnews.com/plus/ Analysts at FBR Capital Markets state they are worried about capital adequacy at Flagstar Bancorp Inc., Troy, Mich., as the company's tangible common equity ratio decreased to 2.75% from 4.01% at the end of the third quarter. 2009-11-05 12:00:03 http://www.originationnews.com/plus/ GMAC Financial Services said during its third-quarter conference call that it would no longer provide separate quarterly or annual reports for Residential Capital Corp., its troubled residential mortgage division. 2009-11-05 12:00:02 http://www.originationnews.com/plus/ A loss of $139 million in its mortgage servicing segment was the primary reason for a third-quarter net loss of $52 million at PHH Corp., Mount Laurel, N.J. 2009-11-05 12:00:01 http://www.originationnews.com/plus/ Old Republic International Corp., Chicago, is in a dispute with its auditors, PricewaterhouseCoopers LLC, over the reporting of reinsurance transactions undertaken by its mortgage guaranty business. 2009-11-04 12:00:07 http://www.originationnews.com/plus/ Treasury Department officials are warning state and local housing finance agencies that the Obama administration's recently unveiled temporary bond purchase program is oversubscribed and that agencies will likely receive less assistance than they requested as a result. 2009-11-04 12:00:05 http://www.originationnews.com/plus/ Radian Group Inc., Philadelphia, lost $70.5 million ($0.86 per share) for the third quarter, driven by a mortgage insurance provision of $376.5 million as a result of higher delinquencies. 2009-11-04 12:00:04 http://www.originationnews.com/plus/ The mortgage division of GMAC Financial Services lost $747 million in the third quarter — thanks in part to loan repurchase liabilities — but its performance was a marked improvement over a $2 billion loss in the same period last year. 2009-11-04 12:00:03 http://www.originationnews.com/plus/ With long-term mortgage rates once again slipping under 5%, the Market Composite Index increased as refinance applications increased for the week of Oct. 30, the Mortgage Bankers Association Weekly Mortgage Applications Survey found. 2009-11-04 12:00:02