Investments

Flagstar Bancorp returned to profitability in the first quarter after tax reform caused a loss in fourth quarter, but its mortgage revenues dropped 15% due to margin compression and lower volume.

Yields on the 10-year Treasury hit their highest level since the start of 2014 and got very close to cracking the 3% mark, signaling a potential spike in mortgage rates.

MGIC Investment Corp.'s first-quarter net income beat analysts' estimates due to favorable loss development and that should be seen with the other private mortgage insurers.

Ditech Holding Corp. lost $426.9 million in 2017, with almost half of that recorded during the fourth quarter, when the company filed for bankruptcy.

One measure of how much things have changed in the last decade at Bank of America: The firm has stopped reporting fees from its mortgage business.

First-quarter mortgage banking results at Wells Fargo and JPMorgan Chase were weaker than Keefe, Bruyette & Woods forecast due to lower-than-expected gain-on-sale margins.

Zillow Group Inc. plans to start buying houses directly from sellers to test its ability to make money by flipping real estate.

The future secondary mortgage market entities will receive high investment grade ratings, even as there is no clarity on their scope or form, Fitch Ratings said.

A bill to allow captive insurance companies to be reinstated as members of the Federal Home Loan Bank System appears to be dividing the FHLB community.

Issuance of Ginnie Mae securities backed by reverse mortgages rose above $1 billion for the second time in two years, according to the government agency's latest monthly report.