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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.
February 6 -
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.
February 6
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Iron Horse Auction Co. said that it will be selling over 100 bank-owned properties in the Carolinas over the next week.
February 6 -
The Dow Jones Industrial Average flirted with 14,000 on Tuesday as investor confidence returned to the market and that investor confidence helped to buoy the housing-related stocks.
February 5 -
The overall volume of resolved securitized commercial mortgage loans dropped slightly in January, resulting in higher loss severity rates and loan losses at greater than 2%.
February 5 -
Felony charges were filed against Gilbert Chung who pleaded guilty for conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions.
February 5
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Nationstar Mortgage Holdings has priced $400 million of debt at an interest rate of 6.5%.
February 5 -
Lenders will have to wait for the courts to resolve the validity of Richard Cordray’s recess appointment to be the first Consumer Financial Protection Bureau director.
February 5 -
If and when they are done right, downpayment assistance programs work, according to Wells Fargo.
February 5 -
Ally Financial said its mortgage operations provided pretax income of $100 million in the fourth quarter.
February 5
