Stocks

After the spinoff and a concurrent private sale to Bayview Asset Management, Genworth Financial will still own 80% of the rebranded Enact.

The unusually strong production numbers seen in the first quarter of this year show loanDepot is emerging as a contender in the battle for loan volume and market share amid an industry price war.

The company says its first quarter net income nearly doubled from its showing in Q4 2020, due in part to cost-cutting and servicing income. It also revealed more information about unauthorized payment drafts by its vendor.

This is the first deal that serial acquirer FOA has announced since it went public on April 5.

Although the company’s revenue and incomes spiked from year-ago levels, most benchmarks showed a decline from the fourth quarter.

A private equity capital raise earlier this year gave the company a $3.3 billion valuation.

Banks can mitigate damage from slowing origination activity by putting excess cash to work, Keefe, Bruyette & Woods said.

The forward and reverse mortgage lender completed its merger with blank check company Replay Acquisition Corp. on April 1.

Five transactions in the past week provided cash infusions for tech companies that are developing products for real estate finance.

Since CoStar made its revised offer in February, its stock price dropped nearly $177 per share.

The merger with Capitol Investment V values the title insurer at $3 billion.

As its mortgage origination volume delivered another quarter of strong earnings, Mr. Cooper’s banking on its "enormous backlog" of REO orders to generate further profitability once the foreclosure moratorium is lifted.

The offering went down to $14 from an anticipated $19 to $21 per share.

The agreement would generate $250 million in proceeds, which the nonbank mortgage company plans to use to pay down and refinance existing debt, while also investing in its servicing and origination businesses.

But the company sees reasons to be optimistic about the second half of the year, CEO and Chairman Michael Nierenberg said during its fourth quarter earnings call

The deal definitively ends a monthslong war of words between the data provider and stakeholders who attempted a hostile takeover.

Pretax operating margins came in much narrower than what is projected for the three stand-alone underwriters.

This is the third nonbank mortgage company offering in a row to decrease its size, but the reductions were more severe than the others.

While it is looking for a higher price per share, the company will be selling fewer shares on its own behalf.

The former No. 2 at Countrywide had been battling brain cancer prior to passing away from the coronavirus.