Economy

PHH Corp. reported a strong jump in income due to favorable adjustments to mortgage servicing rights and increased mortgage application volume.

Walter Investment Management Corp. dropped to a $31 million net loss on decreasing net servicing fees and a significant fair value charge to mortgage servicing rights.

Fannie Mae reported net interest income of $5.1 billion in the first quarter, over half of which came from guarantee fees rather than its investment portfolio.

Conforming loan rates hit their highest levels in two months during the first week of May, according to the Freddie Mac Primary Mortgage Market Survey.

To survive and thrive, community banks must follow the lead of nonbank mortgage lenders by embracing digital technology and customer convenience.

Fannie Mae will pay the Treasury Department $1.8 billion after reporting net income of $1.9 billion for the first quarter.

The Boston and San Francisco Home Loan banks are poised to join the MPF Direct program, which allows FHLB members to sell jumbo loans to Redwood Trust.

The regulator of Freddie Mac and Fannie Mae plans to ease annual restrictions on their apartment mortgage business to prevent a lending slowdown.

Mortgage applications were down 4.6% on a seasonally adjusted basis for the week of May 1, according to the Mortgage Bankers Association.

Everything old is new again when it comes to planning and marketing.

A pioneer in the U.S. home-rental boom that grew out of the housing bust is becoming a takeover target.

Nationstar Mortgage Holdings swung to a significant loss as the servicing segment's income fell due to higher prepayments amidst the decline in interest rates and lower benefits.

President Obama's administration has joined Democratic and Republican lawmakers in attacking potential raises for the top executives of Fannie Mae and Freddie Mac.

White Mountains Insurance Group has agreed to provide up to $13 million in capital to OneTitle National Guaranty Co. in exchange for a minority equity position.

Bolstered by higher originations, Freddie Mac reported Tuesday that net income was $524 million for the first quarter, up from $227 million a quarter earlier.

The risk of mortgage lenders being victimized by fraud increased during the first quarter as economic conditions nationwide shift, according to a report from Interthinx.

Home prices, including distressed sales, rose year-over-year by 5.9% in March, according to CoreLogic.

Appraisal management company Solidifi has acquired national loan settlement services provider Southwest Financial Services.

For all the talk about an economic and housing recovery, homeownership remains out of reach for a third of Americans, a new report from Zillow found.

Freddie Mac will return $746 million to the Treasury Department next month after reporting first-quarter net income of $524 million, according to a regulatory filing Tuesday.