Genworth Financial - which posted a large third-quarter loss - said it has borrowed $930 million of a $1.7 billion credit line. Among other things, Genworth is considering selling its mortgage insurance division, one of the largest in the U.S. Formerly a division of General Electric, Genworth offers not only mortgage insurance but life, long-term care, retirement and other policies. In the third quarter, the publicly traded company lost $258 million, compared to net income of $339 million in the same period last year.
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HUD said its Office of Fair Housing and Equal Opportunity has reduced a Biden administration case backlog by 27% and accelerated investigations.
8h ago -
Bill Greenberg and Mat Ishbia held a video chat on June 11. The companies disputed the outcome, but in the end, UWM did not make a new proposal for Two Harbors.
8h ago -
Third-party originators support tightening some standards but say greater flexibility and coordination could help the market avoid disruption.
9h ago -
But moderating price growth and friendly building policies in many markets hint at emerging affordability for aspiring buyers, Zillow said.
11h ago -
On a year-over-year comparison, title underwriters produced 15% more premiums in the first quarter, as mortgage rates briefly fell under 6% in February.
June 15 -
The government-sponsored enterprise has provided language that servicers may utilize in situations involving temporary interest-rate buydowns.
June 15







