Servicing

The average rate for a 30-year fixed-rate mortgage remained stable at 3.53% in Freddie Mac’s latest weekly survey as other rates fell.

PennyMac Financial Services filed for a public offering of as much as $287.5 million.

PHH Corp. had fourth-quarter net income of $58 million and full-year net income of $34 million, as the mortgage origination business provided a pretax profit of $99 million for the quarter and $416 million for the year.

Anyone interested in finance should walk on the floor of the New York Stock Exchange and see the opening trading bell rung at least once in their lives.

Fitch Ratings has updated its overall criteria for assessing and analyzing the operational risk of servicers of structured finance products including mortgage-backed securities transactions.

After utilizing their services since 2009, New Vista Asset Management officially chose RES.NET’s REO platform as its official system of record.

Given the slow economic recovery consistent rent increases are not enough to motivate renters or former homeowners to look into homeownership opportunities.

The Department of Housing and Urban Development has allocated $5.4 billion in recovery funds for areas affected by Hurricane Sandy.

Genworth Financial’s global mortgage insurance division had net operating income of $131 million in the fourth quarter, but the U.S. component reported a $34 million loss.

Despite the buzz about the REO-to-rental market over the past year, there is still no clear indication of the role securitization can play in the permanent financing of repossessed single-family homes for conversion into rental properties.