Servicing

Genworth Financial, which controls the nation’s fifth largest mortgage insurance firm, reported a net loss of $96 million in the second quarter, citing continued problems in the MI space.

Goldman Sachs & Co. and Citigroup Global Markets Inc. Thursday withdrew a CMBS transaction from the market, alleging an inability to get final ratings for it from a company that had promised them.

Ocwen Financial Corp. is again helping itself financially by cutting distressed homeowners an unusual break.

Old Republic International Corp., Chicago, warned Thursday that without an agreement from its regulator and the secondary market, that it could stop writing new mortgage insurance business at the end of August, and put the unit into run-off.

Chief executives from the country's largest banks sent a letter to the White House and Congress Thursday urging them to reach an agreement this week to raise the debt ceiling.

A Texas investment firm has launched a new fund to invest in subordinated debt and take mezzanine stakes in what it calls "carefully selected" mortgage banking firms.

Ron Millar, a trader and senior associate in the capital markets group of Arch Bay Capital, Irvine, Calif., has left the nonperforming loan investing company, according to co-workers and others who do business with the firm.

BB&T's warehouse lending commitments rose 28% in the second quarter to $1.76 billion as the bank increased its nonbank customer base to 160 institutions.

The nation's robosigning debacle and the overhang of foreclosed properties on the market caused foreclosure activity to drop significantly during the first-half of the year, according to new figures compiled by RealtyTrac.

The Federal Housing Finance Agency on Wednesday filed suit against UBS Americas for misrepresenting the quality of private label, non prime MBS it sold to Fannie Mae and Freddie Mac during the housing and mortgage boom.