Investments

Walter Investment Management Corp. pushed back the date it would emerge from bankruptcy to no earlier than Feb. 2 from the originally planned Jan. 31.

Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, said his zero-funding request for the agency is not meant to drain it of resources.

Financial firms have mostly shrugged off the government's budget woes, but Washington's gridlock might pose a bigger risk than they think.

U.S. home prices are surging to new records. Homebuilder stocks last year outperformed all other groups. And bears? They're now an endangered species.

Loan defaults associated with the three late summer hurricanes could have a more immediate effect on MGIC Investment Corp.'s secondary market capital cushion than proposed changes by Fannie Mae and Freddie Mac.

Bank of America's mortgage banking business reported a loss for the fourth quarter driven largely by representations and warrants provisions.

Citigroup's fourth-quarter residential mortgage banking revenue was 22% lower from the previous year because the company sold the vast majority of its servicing rights.

JPMorgan Chase reported lower mortgage banking revenue in the fourth quarter as the returns from its servicing business declined from the previous year.

A group of reinsurers has committed to provide up to $650 million of coverage for credit risk on some $21 billion of 30-year, fixed-rate loans that the government-sponsored agency will acquire over the next two years.

The Vermont Housing Finance Agency is prepping the state’s first sustainability bond sale.