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.
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.
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.
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.
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.
