Stocks

MGIC Investment Corp.'s quarterly earnings were again driven by better-than-expected loss development, and those favorable results should be seen in the other private mortgage insurers' results as well, an industry analyst said.

A notable drop in home equity lending at Bank of America during the third quarter contributed to an overall decline in new single-family loans produced by the company.

Mortgage-related earnings at five banks were lower due to the effect of higher interest rates on loan volume this year, even though late-season homebuyers improved consecutive-quarter origination numbers at three companies.

Washington Mutual successor WMIH Corp. has completed its pending 1-for-12 reverse stock split and its common shares will soon begin trading under the Mr. Cooper name it inherited from Nationstar Mortgage.

D.R. Horton is selling more homes, but its cancellation rates also are higher in the company's primary fiscal year results, a sign that rising mortgage rates may be affecting the market.

The housing market is stalling, and homebuilder stocks are feeling the pain.

Annaly Capital Management will be able to proceed with a delayed exchange offer needed for its acquisition of MTGE Investment Corp. because it has been able to satisfy incomplete deal conditions.

The expiration of Annaly Capital Management's offer to purchase MTGE Investment Corp. was delayed until Sept. 7 so the two real estate investment trusts have more time to satisfy deal conditions.

Ditech Holding Corp. posted a net loss of $40.5 million in its first full operating quarter since emerging from bankruptcy protection in February.

Redwood Trust's net income was down 30% from the prior quarter as mortgage banking activities earnings fell by 60%.