Servicing

Mortgage purchases by Freddie Mac rebounded in June but the share of refinancings dropped below 70% for the first time since December.

Institutional investors purchased fewer residential properties in June than a year ago, but these types of buyers will still be able to acquire single-family homes, condominiums and co-ops in certain markets.

Discover Financial Services in the next few months plans to enter the home equity lending business.

Zacks found the company beat its consensus per-share net earnings estimate but missed its estimate for homebuilding revenue.

Prospect Mortgage has promoted Amy Brandt to chief operating officer.

Interactive Mortgage Advisors is exclusively brokering a $509 million Ginnie Mae bulk residential mortgage servicing rights offering.

Radian's common stock closed up 0.29% after reporting a second-quarter net loss.

The seller also would like to establish a co-issue flow relationship along with the bulk Fannie Mae servicing rights sale.

Soon after announcing plans to shift its servicing focus, Flagstar recorded a quarter-to-quarter net income increase.

The bill gives the Federal Housing Administration more authority to police lenders and manage risk to the FHA single-family program.