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Radian Group, which controls the nation's third largest mortgage insurance company, posted strong third quarter earnings of $183.6 million, but attributed those gains to changes in the "fair value" of "derivatives and other financial instruments" —- to the tune of almost $207 million.
November 1 -
MountainView Servicing Group said it has completed the sale of a $442 million package of Fannie Mae bulk servicing rights.
October 31 -
Hudson City Bancorp Inc., Paramus, N.J., earned $84 million in the third quarter, in what its top executive called a “difficult environment facing portfolio lenders."
October 31 -
The bankruptcy of MF Global Holdings Ltd. and its ensuing suspension as a primary dealer shook the larger market Monday morning, putting downward pressure on rate-indicative bond yields.
October 31 -
Bank of America opened a customer assistance center last week in Warwick, R.I., to assist its struggling mortgage customers in this region.
October 31 -
A Realtor's attempt to defraud a Midwest Bank of $60,000 was thwarted with the assistance of a Web-based offer-processing service that eliminates the possibility of foreclosure fraud.
October 31 -
The mortgage insurance industry wrote $4.9 billion of new coverage in September, down $700 million from August, according to new figures compiled by the Mortgage Insurance Cos. of America. However, two private MIs—Republic Mortgage Insurance Co. and PMI Mortgage Insurance Co.—were ordered by their respective regulators to stop writing new business during August.
October 31 -
The committees that have been filtering transaction proposals for Fitch Ratings since the first quarter of 2009 began registering their first formal rejections of global commercial MBS securities proposals during the third quarter.
October 31 -
First Financial Holdings Inc. in Charleston, S.C., has proven its doubters wrong.
October 31 -
JPMorgan Chase late last week rebutted federal claims that it misled four now defunct corporate credit unions into buying $1.5 billion of risky MBS and pointed the finger - as NCUA's own internal reviews have - at the management of the failed corporates and at NCUA's own examiners.
October 31
