Genworth mortgage insurance unit goes from loss to profit --

Mortgage insurer Genworth posted higher earnings after the execution of a new capital plan for its U.S. Mortgage Insurance Operations.

read more

MGIC posts deeper loss after stabilizing capital risk --

Even with deeper first-quarter losses hitting MGIC, the company wrote $ 6.5 billion in new insurance business in the first quarter, up from $ 4.2 billion a year earlier. The Home Affordable Refinance Program accounted for $ 3 billion of the newly written insurance.

read more

Millennials rightly positioned to boost economy --

Despite currently being bogged down with student debt, millennials – ages 18 to 34 – could surprise America in upcoming years, with their financial situation balancing out as the economy improves. 

read more

HUD homes add to inventory-starved market --

Experts project that over the next two years, as lenders steadily work through a backlog of foreclosures delayed by foreclosure-processing reviews, the supply of these HUD homes will increase significantly.

read more

MBIA fails to win ruling against Countrywide --

MBIA failed to win a pretrial ruling against Bank of America’s Countrywide Financial unit in a lawsuit claiming the mortgage lender breached its obligations to repurchase loans.


David McLaughlin: Chris Dolmetsch

read more

Next Page »