Investments

With the 10-year Treasury yield getting a boost due to Pfizer’s COVID-19 vaccine news this week, KBW predicts insurers and title underwriters will fare best as recovery continues.

FSOC’s statement on the FHFA’s proposed capital rule raises questions for market participants trying to anticipate a post-conservatorship secondary mortgage market, should the incoming administration go through with the GSEs’ exit from governmental control.

The company, which earned $535 million in net income in 3Q20, has been prioritizing purchase volume and managing costs to account for a possible decline in originations next year.

For most of the underwriters it was a strong quarter, but concerns remain over government-sponsored enterprise reform and potential claims after forbearances end.

The company is finding it challenging to ramp originations back up after spending most of the second quarter on the sidelines.

Compared with the second quarter, the title insurer had 154,000 more orders opened and earned $89 per residential file.

While Rocket reaches near $1 per share, Fannie Mae and Freddie Mac are seeing declines as their planned exit of conservatorship remains tied to the presidential race.

Smaller lenders should consider positioning themselves for acquisition at a time when they can be making the most money.

Two investors pushing CoreLogic Inc. to explore a sale won partial support from a prominent shareholder advisory firm, which urged shareholders to support three of the dissident group’s nominees for the board.

The origination boom generated another profit for the company in the third quarter, when also it obtained a novel source of liquidity to support its servicing operations.

The upcoming shift may help to prepare the government-sponsored enterprise for a conservatorship exit by reducing interest-rate volatility in Fannie’s earnings.

The bank operating system’s integration with a technology platform for construction loans adds to indications of nCino’s increasing relevance to real estate-secured lending.

The government-sponsored enterprise also saw a 22% increase in net worth from the second quarter.

A pair of home loan originators are backing away from initial public offerings for now as market volatility climbs.

Former MBA chair and owner, president, and CEO of Union Home Mortgage, Bill Cosgrove, provides a peek into his pandemic playbook and offers advice to smaller lenders on how to stay competitive amid a rash of companies going public.

The company said it is "engaging with third parties" that are reportedly willing to pay at least $14 per share more than Senator Investment and Cannae Holdings.

The mortgage unit contributed $20 million of the $26 million the holding company earned over that period.

The company had lower losses on its mortgage servicing rights investments compared with the second quarter.

First American Financial, Old Republic, Stewart reveal how the third-quarter results point their way forward.

Existing-home sales reach 14-year high as bidding wars increase across the country.