Servicing

Genworth Financial Inc., the insurer divesting units after posting record losses, has sold 14% of its Australian mortgage-guaranty unit, the company announced on May 11.

Black Knight Financial Services, the mortgage technology company backed by private-equity firm Thomas H. Lee Partners, is seeking to raise as much as $425 million in an initial public offering.

The administration's signature loan modification and refinancing programs will be extended for one year to help borrowers "who continue to face challenges," the director of the Federal Housing Finance Agency said.

The U.S. commercial-mortgage backed security delinquency rate fell again in April, fueled by strong new issuance, according to Fitch's latest index.

MGIC Investment Corp. ended April with 2,606 fewer delinquent loans on its books as the number of new notices declined from the prior month.

Real estate buyers seeking money to renovate and flip houses are getting help from some of the world's biggest investment firms.

Mortgage professional hiring and new job appointments for the week ending May 8.

The commercial mortgage-backed security loan delinquency rate dropped slightly in April, according to analytics and technology firm Trepp.

Real estate investors are shifting their purchases to multifamily properties as the number of available distressed single-family homes for sale has been depleted over the past two years.

PHH Corp. reported a strong jump in income due to favorable adjustments to mortgage servicing rights and increased mortgage application volume.