Stocks

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 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.

In an echo of the rescue deals of 2007 and 2008, New Residential's CEO framed the transaction as something undertaken to benefit the entire industry.

CoreLogic's first-quarter net income was down 54% from the prior year as lower mortgage origination volume reduced the need for some of its services.

Radian Group earned $76.5 million for the first quarter, up 16% from $66.2 million one year prior, helped by a 25% year-over-year rise in new insurance written.

Arch Capital Group's 62% first-quarter earnings improvement was driven by its acquisition of United Guaranty Corp.

Growth outside of its residential mortgage business contributed to Flagstar Bank beating first-quarter earnings estimates, company executives said.