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Some mortgage vulture funds may be heading for the exits, but not the publicly traded PennyMac Mortgage Investment Trust, the brainchild of former Countrywide Financial Corp. president Stanford Kurland.
May 4 -
There are signs that a recovery in the housing market is starting to take place in Phoenix, according to the online real estate company ForeclosureDeals.com.
May 4 -
Genworth Financial earned $82 million in the first quarter, a 54% drop from the year ago, as continued losses at its mortgage insurance unit held back the company’s financial recovery.
May 4 -
Automated valuation model provider Veros Real Estate Solutions makes the case for the use of analytical technology in determining the value of real estate owned portfolios in a white paper published this week.
May 4 -
Secondary and primary market representatives at an industry conference Wednesday morning said their concerns about governmental changes like GSE reform and Dodd-Frank largely center on their potential to tighten mortgage credit availability and exacerbate a still-struggling housing market.
May 4 -
PHH Corp., Mt. Laurel, N.J., earned $49 million in the first quarter, up from $8 million in the same period last year, driven in part by a 77% increase in mortgage closings and a $68 million pre-tax gain on the sale of 50.1% of its appraisal business to CoreLogic.
May 4 -
After three consecutive months where the national commercial mortgage-backed securities delinquency rate was leveling off, the latest report from Trepp signaled the recovery is nowhere in sight.
May 4 -
The House Capital Markets and GSE subcommittee late Tuesday advanced a bill to create a U.S. covered bond market but major issues need to be worked out first before the measure is ready for a full committee markup.
May 4 -
Bayside Communities LLC has acquired controlling interest in 20 multifamily properties that were part of the affordable and senior housing portfolio of bankrupt AF Evans Development Inc.
May 4 -
Since Equator launched its loan segmentation module in February, there have been more than 70,000 loans processed using this tool in the first quarter.
May 4
