Finance

A steep mortgage servicing rights valuation change hurt earnings which included greater adjusted net income and total origination volume.

Fitch Ratings said Tesla Finance enters the residential solar finance ABS arena with underlying loans that have the highest WA FICO score presented to it for a rating.

While the latest data indicates ongoing demand, changes in the share of locks by category show consumers trying to adapt to market conditions, according to a report from Optimal Blue.

The two companies will retain ties as Daniel Wallace moves to an operational leadership position at a time when non-agency mortgage opportunities are opening up.

The company also saw a slight impact from changes to real estate commissions.

Private mortgage insurers are having a strong year so far, although most had flat business in the third quarter, industry results show.

The majority of bigger, rated nondepositories will start the year with leaner operations. Opportunities are narrower for smaller players and vary by channel.

Three of the four largest title insurers were profitable in the third quarter; First American's loss should set it up for future gains, its execs said.

The Federal Open Market Committee is expected to lower short-term financing costs in the wake of volatility that has put upward pressure on mortgage rates.

United Wholesale Mortgage beat its own guidance on originations and gain on sale margins third quarter earninga, helped by an uptick in refinance volume due to lower rates in August and September.

If issuers take certain steps to manage their interest rate exposure they could get a break on new nonbank requirements set to take effect soon.

The company plans to increase investments in its proprietary products as well as marketing initiatives with expectations of originations growth next year.

Value adjustments to Guild's MSRs totaled a loss of $145.8 million, the nonbanks third quarter earnings show.

The REIT was successful in achieving all of its near-term goals, its CEO said in an earnings call.

Trump's return to the White House is reviving the prospect of preferred stockholders getting some money back after the U.S. took control of the agencies during the 2008 financial crisis to keep the housing market from collapsing.

President Trump is likely to sign the revisions to Executive Order 12866, which will compel all federal agencies to "report up" to the White House and the Office of Management & Budget on initiatives that are not specifically authorized by Congress, writes the Chairman of Whalen Global Advisors.

A proposed downpayment assistance plan spurred former Ginnie Mae chief Ted Tozer's revival of a zero-down FHA loan concept.

Loandepot rolled out Project North Star, an initiative designed to position the company as "the leading lending partner of choice for homeowners."

Low supply and production volumes, though, have left values competitive, with two segments in particular holding promise for favorable returns, a new report said.

The company formerly known as Ocwen improved results on several fronts even though a secondary market price change reduced origination profits in one channel.