Mortgages

MGIC Investment Corp. finished the second quarter with a net profit of $12.4 million, its first since 2Q10.

The bonds were all previously rated either CCCsf, CCsf, or Csf, which indicates that Fitch expected a default.

The American Bankers Association supports some reforms to the FHA single-family program proposed by House Financial Services Committee chairman Jeb Hensarling.

CU Direct Corp. has signed with TMG Financial Services to streamline loan originations.

Upgrades might be in store for some Russian residential mortgage-backed securities thanks to recently enacted amendments to the country’s MBS law.

Most of us would no doubt agree that personal, face-to-face interaction is the most preferred method of communication.

Prospective apartment renters nationwide are having an easier time meeting their lease obligations and avoiding default in the first quarter.

Home prices rose 0.7% in May following a 0.5% increase in April, according to a house price index based on Fannie Mae and Freddie Mac purchase mortgage transactions.

Originators should be doing more than OK right now; they should be making lots of money.

The loans that the new channel is purchasing will be sold on the secondary market to Fannie Mae, Freddie Mac or Ginnie Mae.

Quarterly origination estimates for this year drifted a little lower in Fannie Mae’s latest monthly economic outlook report.

One affiliate is slated to buy a portfolio of nine shopping centers known as the Phoenix portfolio from Wells Fargo.

There were 13 of 17 members of the Mortgage Industry Equity Composite that closed higher on Monday, even as the Dow stayed flat.

Another borrower with a unique situation has turned to the Mortgage Grapevine for help.

PBI Bank lost a jury verdict that requires the financial institution to pay compensatory damages of $1.5 million and $5.5 million in punitive damages to a real estate developer.

The Federal Housing Administration might have lost as much as $1 billion in 2011 alone because of its poorly performing REO program, according to a new report from the Government Accountability Office.

We're hearing with all the buzz around social networking for business people, it’s no surprise that someone would create an online platform dedicated to real estate agents and brokers.

Gateway Mortgage Group is now using Fiserv’s LoanServ mortgage servicing platform in line with the bank’s expectations to grow the home loan servicing portfolio through retail and correspondent channels.

The aggregate nonagency mortgage loan roll rates from current to delinquent have significantly improved, dropping to their lowest levels since early 2007.

Freddie Mac is offering another K deal, its 12th so far this year.