Stocks

Ocwen Financial Corp. reduced its net loss in the fourth quarter, a reflection of the company's efforts to reduce expenses.

A federal appeals court upheld a ruling that barred hedge funds from suing to overturn the U.S. government's 2012 decision to capture billions of dollars in the profits generated by the mortgage guarantors Fannie Mae and Freddie Mac after their bailout.

New Residential Investment Corp. had net income of $225 million in the fourth quarter, more than double the $103 million reported for the same period in 2015.

The change of power in the White House will not affect Fannie Mae's focus for 2017 in bringing innovations similar to the Day 1 Certainty program to its customers, CEO Timothy Mayopoulos said in an interview.

Genworth Financial's U.S. mortgage insurance business had adjusted operating income of $61 million in the fourth quarter, up over 50% from the same period in 2015, as its new insurance written grew by 42% year over year.

PennyMac Financial Services reported higher income, reflecting larger net gains on mortgage loans held for sale.

The Dow Jones Industrial Average crossed the 20,000 threshold for the first time Wednesday, but the post-election stock market rally has produced a mixed bag for mortgage demand and the industry's publicly traded companies.

Fidelity National Financial plans to distribute the stock it owns in Black Knight Financial Services to its shareholders as part of a plan to simplify the corporate structure of the two companies and increase Black Knight's liquidity.

Fannie Mae joined Freddie Mac in announcing plans to delist some previously issued Connecticut Avenue Securities, which transfer the credit risk on residential mortgages, from the Irish Stock Exchange.

Fannie Mae's new representation and warranty relief offers lenders a long-awaited incentive to use its automated loan validation technology. But is it enough for lenders to make the necessary technology updates and process changes to implement the tools?

Deutsche Bank jumped in Frankfurt trading after a media report that the lender is nearing a $5.4 billion settlement with the U.S. Department of Justice in a probe tied to residential mortgage-backed securities, less than half an initial request.

Arch Capital Group has planned a secondary public offering to raise some of the cash for its $3.4 billion acquisition of United Guaranty Corp. from American International Group.

Impac Mortgage Holdings has released the pricing of an upcoming follow-on stock offering.

The first reboot of S&P 500 Index group weights in almost two decades has arrived, shaking up stock portfolios and conjuring an industry out of real estate investment trusts that will infuse at least one lightweight ETF with sudden riches.

Toll Brothers Inc., the biggest U.S. luxury homebuilder, rose the most in three years after reporting earnings and sales that beat estimates, a sign that buyer demand remains robust for high-end properties.

United Bankshares in Charleston, W.Va., has agreed to buy Cardinal Financial in Tysons Corner, Va.

The hole at the corner of 15th and L streets, in downtown Washington, is deep – and getting deeper.

Title insurer operating revenue will end 2016 flat to slightly down as a modest increase in interest rates should dampen purchase and refinance transactions, a report from Fitch Ratings said.

New Residential Investment Corp. has priced a public common stock offering whose proceeds will be used to acquire mortgage servicing rights from Walter Investment Management Corp.

PHH Corp. said Merrill Lynch plans to bring more of its origination activity back in house and that could hurt pretax earnings by $13 million in the second half of the year.