Servicing

Arch's mortgage insurance unit saw an increase of over 1,000% in fourth-quarter underwriting income due to a significant decline in losses and loss-adjustment expenses.

U.S. Bancorp agreed to pay $10 million while Banco Santander settled for $3.4 million following missteps in how they handled earlier orders from regulators to fix faulty foreclosure practices, according to the Office of the Comptroller of the Currency.

Foreclosures nationwide continued to decrease in December, according to CoreLogic.

Walter Investment Management Corp. has named David Schneider as president of servicing and originations at Ditech Financial.

PennyMac Mortgage Financial Services reported a rise in income on higher servicing revenue.

HSBC North America Holdings has agreed to pay $470 million to settle allegations it engaged in abusive practices in its mortgage foreclosure, origination and servicing operations.

Genworth's U.S. mortgage insurance business earned $179 million in 2015, but the parent company lost $615 million as it still has problems with its long-term care insurance product.

Mortgage professional hiring and new job appointments for the week ending Feb. 5.

Computershare has agreed to acquire Capital Markets Cooperative for $71.2 million.

The rate of home price recovery during the seven years that a foreclosure remains on a consumer's credit report is one measure of whether borrowers who strategically defaulted made the right choice by walking away. But the results vary, depending on when, where and in what price tier that borrowers defaulted.