Servicing

Genworth Financial Inc. will undertake a restructuring that in essence separates out its U.S. and European mortgage insurance operations from its life insurance operations.

The mortgage servicer settlement with federal regulators resulted in an $80 million fourth-quarter expense accrual for U.S. Bancorp, reducing its earnings per share by $0.03.

Homebuilders remain optimistic that a housing recovery will continue to take shape this year.

Andrea Johnson has been selected by US REO Partners to become the group’s new president.

While private-equity firms snap up foreclosed homes in California, Arizona and Florida, smaller investors have found bargain-basement bonanzas in Detroit.

Even before the Consumer Financial Protection Bureau comes out with rules this week to address servicing failures, the National Consumer Law Centerat is crying foul.

December home sales in Southern California reached their highest mark in three years.

Walter Investment Management Corp. is looking for a $475 million incremental financing facility to pay the initial installments on the $93 billion Fannie Mae mortgage servicing rights portfolio it is buying from Bank of America.

It’s becoming clear that investments based on the backlog of discount assets won’t last forever and investors need to be prepared for it.

A poster on the Mortgage Grapevine board actually asks two questions about the Home Affordable Refinance Program.