Radian Guaranty became the first among seven private mortgage insurers to declare compliance with the regulatory capital standards under the Private Mortgage Insurer Eligibility Requirements (PMIERs), while other MIs expressed confidence they will meet those same requirements. Radian met its PMIERs goals after receiving $325 million in cash and marketable securities from its parent Radian Group in exchange for a surplus note. In addition, the parent firm contributed $50 million to an exclusive affiliated reinsurer of Radian Guaranty. Radian Group expects...

This CEO called the letter a "godsend."

The OCC said the mortgage-related fine against Chase was due to the servicer’s actions from December 2011 through November 2013...

Introduced in Sept. 2015, fundings of loanDepot home equity loan products have nearly doubled every month since launch...

Industry consultant Joe Garrett is advising his clients to keep a “concession log…”

The agency is warning lenders that the annual recertification can be a lengthy, time-consuming process.

Back in April, the privately held Quicken sued the two cabinet level agencies and their leaders, claiming the residential lender was a target of a “political agenda" under which the DOJ…

“There is no policy rationale for the federal government to continue to subsidize the portion of mortgages that exceed $500,000,” said Sheila Crowley, NLIHC’s president and CEO.

“A terrible outcome,” one mortgage consultant told IMFnews…

Nationstar Mortgage is laying the ground work for a huge debt sale. But what will it use the money for?