Servicing

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.

The Housing Association of Nonprofit Development has elected its new leadership for the 2013-2015 term.

A steep rise in home values that resulted in a new wave of foreclosure starts in California during the second quarter was not enough to eliminate gains of recent years indicating the state's housing recovery will prevail.