Servicing

Photos from the 15th Annual Mortgage Technology Awards Ceremony in Las Vegas

PennyMac Mortgage Investment Trust and its sister company, PennyMac Financial Services, reported a rise in quarterly profits.

BlackRock, the world's biggest money manager, and private-equity firm KKR & Co. have gained a majority stake in Home Partners of America, a single-family rental company backed by Lew Ranieri.

Genworth Financial Inc. posted a third-quarter loss of $844 million, driven by costs tied to its long-term care insurance operation.

Freddie Mac will return $2.8 billion to the Treasury Department next month, bringing its total payments to about $20 billion above what it got in aid after the 2008 credit crisis.

PHH Corp. reported higher third-quarter profits compared to last year, driven by gains from the sale of its fleet management business.

United Guaranty Corp. reported higher third-quarter earnings compared to last year, due to a drop in first-lien claims.

Mortgage credit availability dropped in October due to the removal of special loan programs pertaining to real estate owned sales, according to the Mortgage Bankers Association.

Mortgage aggregators that paid billions of dollars in fines over faulty loans may soon play a new role: plaintiffs in their own lawsuits against originators.

Outsourcing of labor amongst mortgage servicers may cause problems for the private-label residential mortgage-backed securities market, according to Fitch Ratings.