Origination

Despite what CEO S.A. Ibrahim described as the stagnant housing market affecting his company's mortgage insurance business, Radian Group Inc. reported a first quarter net profit of $103 million. This profit was driven by $319 million of fair market gains on derivatives.

The average rate for a 30-year fixed-rate mortgage during the week ending May 5 matched its low for the year in Freddie Mac’s closely watched survey as the 15-year rate dropped to a new low for 2011.

One origination technology provider thinks the many different components of compliance need to be managed from a single system, not only because of compliance risk alone, but also because of buyback or pushback risk.

Space Coast Credit Union, which filed suit last week against Barclays Capital over CDOs the investment bank sold to Eastern Financial Florida CU, is expected to file similar suits over the next few weeks against other Wall Street firms in the 2009 failure of the one-time $2.4 billion credit union.

National home prices have double-dipped in April, falling .7% below previous lows experienced in March 2009, Clear Capital said in its latest Home Data Index report.

I was in line at the local chain bookstore (not the one going out of business) with several books. The counter guy started to process the transaction and asked the question I heard him pose to the three people I watched check out in front of me.

A House Financial Services subcommittee Wednesday approved a bill that creates a five-member commission to steer the new Consumer Financial Protection Bureau instead of a single director.

Government controlled mortgage giant Freddie Mac posted its first true net profit in almost two years, earning $676 million in the first quarter — even after paying the U.S. Treasury a $1.6 billion dividend on the preferred stock it owns.

It is generally accepted that Fannie Mac, Freddie Mae and the Federal Housing Administration have become the most important sources of multifamily financing.

Genworth Financial earned $82 million in the first quarter, a 54% drop from the year ago, as continued losses at its mortgage insurance unit held back the company’s financial recovery.