The PMI Group, Walnut Creek, Calif., has been tagged the "Bear of the Day" for Jan. 11 by Zacks Equity Research, Chicago. Zacks said it is maintaining its sell rating on the company due to our concerns about continued weakness in the housing and mortgage markets. PMI had a third-quarter net loss of $1.04 per share because of increases in paid claims, loss adjustment expenses, and additions to its loan loss reserves. Higher losses for PMI are expected when the company reports its fourth-quarter results because "the deterioration in the housing market was worse than earlier projected," Zacks said. The research firm can be found online at http://www.zacks.com.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
40m ago -
In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
8h ago -
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27