Servicing

The year opened with hopes that regulatory and enforcement pressures would abate for the mortgage industry. The reality has turned out quite differently.

Essent Group reported second-quarter net income of $72.1 million, an improvement from the $52.3 million of the same period last year.

Getting rundown or blighted properties renovated to meet safety codes and restored to the tax rolls is the goal of a program known as receivership, a report about which was presented to the Holyoke, Mass., City Council.

Mortgage industry hiring and new job appointments for the week ending Aug. 4.

New York Community Bank, the parent of Ohio Savings, will slash more than 200 jobs in Greater Cleveland next month when it gets out of the mortgage business.

Ocwen Financial Corp. recorded a $44.4 million net loss in the second quarter related to its court battles and other expenditures, including costs related to its exit from correspondent lending.

Hundreds of homes and properties are neglected, abandoned or vacant across Staten Island, N.Y.

Genworth Financial's U.S. private mortgage insurance business had an almost 50% increase in adjusted operating income, benefiting from lower-than-expected claim rates.

The North Carolina Department of Justice is warning real estate agents and companies about an email scam aimed at potential home buyers.

Old Republic International Corp. is again making noise about bringing its mortgage insurance subsidiary back to active status, while separating it out from the holding company.