All seven active mortgage insurance companies reported a total of $31.34 billion of new primary insurance written during the first quarter, according to calculations from Inside Mortgage Finance.
PHH Corp. is continuing talks with several potential buyers about its mortgage division but is revealing little information on when it might ultimately announce a deal. In a recent conference call with analysts, company President and CEO Glen Messina would only say that “we’ve been actively engaged in detailed discussions with several interested parties” regarding both PHH Mortgage and its fleet business. Messina would not provide any more color than that. As reported by Inside Mortgage Finance last month, possible buyers include...
Richard Smith, chief marketing officer for Ditech, said the mortgages that the company originates will close in Ditech’s name, not in the name of Green Tree.
In case you didn’t notice, the price of Fannie and Freddie common rose about 5 percent Tuesday, after Watt spoke. In trading Wednesday, they were up again...
“This decision is motivated by concerns about how such a reduction could adversely impact the health of the current housing finance market,” said FHFA Director Mel Watt.
In his comments to reporters, FHFA Director Mel Watt did not rule out Fannie and Freddie engaging in principal reductions to help troubled consumers who have GSE loans.