Servicing

The Santa Ana, Calif.-based analytic provider said there were 69,000 completed foreclosures in March this year, compared to 85,000 in March 2011 and 66,000 in February 2012.

Freddie Mac executive Anthony Renzi has accepted a senior mortgage job with Citigroup, after weighing a position with Wilbur Ross’ fast-growing mortgage empire.

PHH Corp. posted net earnings of $75 million for the first quarter, turning a profit on its residential mortgage operation, but suffering charges on its servicing business. In 1Q11, the company earned $49 million.

Mixed U.S. housing metrics suggest the speed of the recovery is as crucial as the recovery itself.

Michael D. Fraizer, chairman and CEO of Genworth Financial, resigned Tuesday afternoon, two weeks after the firm’s stock was hammered because of accelerating losses in its Australian mortgage insurance business.

Bank-owned homes have seen a 5.5% increase in prices from a year ago, while fair market homes dropped 2.9%, Clear Capital said in its monthly home data index market report.

Fannie Mae and Citibank officials were developing a principal reduction pilot program that was supposed to go live in July 2010 when it was “mysteriously” stopped and later terminated.

Flagstar Bancorp Inc. lost nearly $9 million in the first quarter, but that is an improvement over the loss of $78 million in the fourth quarter last year and $32 million in 1Q11.

Radian Group Inc. lost $169 million in the first quarter, as the company's mortgage insurance business had a pretax loss of $45 million for the period.

The New York Mortgage Coalition has provided a grant to the Coalition for the Improvement of Bedford-Stuyvesant to help protect homeowners with property tax liens from foreclosure.