Investments

MGIC Investment Corp. reported second-quarter net income of $118.6 million, an improvement from the $109.2 million for the same period last year.

Walter Investment Management Corp.'s share price has fallen below a threshold required by the New York Stock Exchange, but the exchange will give the company time to rectify the situation.

Genworth Financial for the second time has withdrawn and refiled its application with the federal government to approve its acquisition by China Oceanwide Holdings Group.

With risk premiums on collateralized loan obligations at or near their tightest levels since the financial crisis, there may be nowhere to go but out, according to Wells Fargo Securities.

Laura Whittall-Scherfee will direct a California agency that finances affordable housing.

Granite Point Mortgage Trust priced its initial public offering at $19.50 per share, which was below the $20 to $21 range the company expected.

Five Oaks Investment Corp. priced its follow-up 4 million common stock offering at $4.60 per share.

Granite Point Mortgage Trust is selling 10 million shares of common stock in an initial public offering to be priced between $20 and $21 per share.

New entrants in mortgage servicing are rethinking how business is done, creating more division between holders of mortgage servicing rights and the entities that actually manage loans.

American International Group will receive $590 million in gross proceeds from the sale of Arch Capital Group stock it received in the United Guaranty Corp. transaction.

The Trump Administration’s anti-regulatory agenda has yet to permeate the Securities and Exchange Commission, which remains opposed to relief for collateralized loan obligations.

Three former Nomura Holdings mortgage-bond traders accused of cheating their customers called no witnesses in their defense against fraud charges, betting that prosecutors’ evidence is too weak to convict them.

An El Paso real estate investment trust, run by some of city's most successful business people, faces new allegations of fraud in a failed housing venture just as another lawsuit against the trust has been dismissed by a federal judge.

The IRS will allow Fidelity National Financial to distribute its entire stake in Black Knight Financial Services to FNF Group shareholders in a tax-free transaction.

Walter Investment Management Corp.'s first-quarter net income included a $42 million after tax gain from the sale of Green Tree Insurance Agency.

PHH Corp.'s first-quarter net loss more than doubled as the troubled mortgage company dumps its origination unit and servicing rights and rebuilds as a subservicer.

Thomas H. Lee Partners is selling approximately 13% of its stake in Black Knight Financial Services in a secondary public offering.

Essent Group Ltd., the Hamilton, Bermuda-based parent of Essent Guaranty, reported first-quarter net income of $66.6 million.

Fannie Mae said it expects to make a $2.8 billion dividend payment to the U.S. Treasury in June after reporting a first-quarter profit driven by a relatively stable mortgage market and a continued decline in delinquencies.

Regulator now has recovered nearly $4.8 billion in various suits related to the mortgage meltdown in 2008.