Investments

Genworth Financial had net income of $107 million because of its U.S. mortgage insurance business, but it is considering a partial sale of the unit if the parent company isn't acquired by next May.

Nationstar Mortgage Holdings posted net income of $7 million for the third quarter, its first under the new Mr. Cooper consumer-facing brand.

Ocwen Financial Corp. lost $6.1 million in the third quarter, as pretax losses from its origination business outweighed any profits generated from the servicing side.

Fannie Mae is allowing in some situations where mortgage payments are made by someone other than the borrower for the full monthly housing expense to be excluded from debt-to-income calculations.

Third-quarter net income at mortgage technology provider Ellie Mae was higher year-over-year but came in below the previous quarter's number as the company worked to produce gains despite falling originations.

Radian Group reported third-quarter net income of $65 million after taking $57.8 million in pretax charges — $12 million of which is related to the Clayton Holdings restructuring.

Walter Investment Management Corp. was supposed to prosper by snapping up mortgage cast-offs from big banks at fire-sale prices. Instead, Walter is belatedly joining the list of companies burned by the U.S. housing crisis.

Called Structured Agency Credit Risk Securitized Participation Interests, the new securities are backed by mortgage loans, and are not general obligations of the government-sponsored enterprise.

Bank of America set aside $100 million in its reserves for representation and warranty claims ahead of a pending settlement to resolve legacy mortgage issues.

The District of Columbia transaction may have potential on a national level.

A 15-bill housing package includes $4 billion in bonds.

The program to purchase and support affordable mortgages for New Yorkers will include an RBC unit and provisions for military veterans.

Hurricane Irma will have more of an impact on Ginnie Mae securities than Harvey or Maria, a recent analysis by the government agency shows.

Multifamily housing bond issuance more than doubled in 2016 to $14 billion.

Cisco DeVries, the chief executive of Renew Financial, said the bills will bring much-needed stability to Property Assessed Clean Energy, which uses a property assessment to finance upgrades.

A bill to strengthen consumer protections for Property Assessed Clean Energy financing programs is headed to the governor’s desk.

Houston’s hotel market, already the worst-performing in the U.S., is poised to take a further beating from Hurricane Harvey as the natural disaster creates chaos in a city that’s been reeling from low oil prices for the past three years.

The family-owned real estate group affiliate has committed a significant amount of capital to growing the finance and investment side of the organization, which includes balance sheet lending.

It’s not clear whether syndicated credit agreements require 100% investor consent before adopting a new benchmark. The industry trade group suggests giving new loans the flexibility to change indexes without unanimous approval, but investor advocates are balking.

Walter Investment Management Corp. is in danger of having its stock delisted from the New York Stock Exchange as its average market capitalization remains below required minimums.