The new deadline will allow Oceanwide to move forward with other regulatory measures needed to close the transaction after it was re-approved by the National Development and Reform Commission in China.

California remained the top market for insured mortgage originations in the third quarter, though volume was up 16.6%, compared with a 19.1% increase nationwide. (Includes data chart.)

The Trademark Trial and Appeal Board ruled that “Guaranteed Rate” is “incapable of functioning” as a standalone mark.

The Golden State still ranked tops in most primary mortgage insurance categories during the second quarter, but Texas gained in many products. (Includes data chart.)

The financial turmoil caused by the coronavirus pandemic has prompted many seniors to consider, for the first time, a reverse mortgage.

All four monoline insurers, MGIC, Radian, Essent and National Mortgage, have been lowered to “market perform” based on valuations.

In recent SEC filings, the nation’s PMI firms disclosed their anxiety about future quarters. The reason: COVID-19 and coming delinquencies.

California was the biggest source of first-quarter primary MI business, getting a big boost from refinance activity. (Includes data chart.)

United Wholesale Mortgage’s CEO has reassured employees that there will be no layoffs due to the current coronavirus crisis.