Purchase-mortgage production is seen steady while refi activity is expected to decline. Low refi demand will cut into lenders’ profit margins. (Includes data chart.)
A spokesperson for the SEC noted that while the Dodd-Frank Act requires publication of the report, there is actually no deadline for when the document has to be published.
The deal between Genworth Financial and China Oceanwide was extended for the 13th time in December. Genworth warned that if the deal fails, its U.S. private MI unit could face difficulties.