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Genworth to sell Canada mortgage unit to ease China deal

Genworth to sell Canada mortgage unit to ease China deal

Genworth Financial Inc. agreed to sell its Canadian unit to Brookfield Business Partners for C$2.4 billion ($1.8 billion) as it works to win...
Genworth drops consent solicitation designed to ease Canadian mortgage insurer sale

Genworth drops consent solicitation designed to ease Canadian mortgage insurer sale

Genworth Financial's efforts to advance its sale to China Oceanwide hit a roadblock as bondholders did not respond to a consent solicitation for...
Ocwen

Ocwen extends profitability timetable as mortgage rate drop steepens

Steeper rate declines contributed to a deeper quarterly net loss at Ocwen Financial, forcing it to extend its timeline for returning to profitability."To...
Lachlan Murdoch, co-chairman and chief executive officer of Fox Corp.

Fox agrees to buy fintech for $265 million

Fox Corp. has agreed to buy a majority stake in the consumer finance marketplace Credible Labs Inc. for $265 million.The move comes at...
Freedom

Freedom to acquire J.G. Wentworth unit, expand mid-Atlantic foothold

Freedom Mortgage's planned purchase of J.G. Wentworth Home Lending would add 570 employees and 35 offices across 46 licensed states and increase the...
Mr Cooper

Mortgage servicing rights hit results in 2Q loss at Mr. Cooper

Mr. Cooper Group reported a second-quarter net loss of $87 million as the company took a $231 million fair value hit to its...
Genworth

Canadian MI sale could force new review of Genworth’s M&A deal

Genworth Financial identified three options for the disposition of its Canadian mortgage insurance unit. However, that deal could require a revisiting of some...
NewRes

New Residential shifts gears in response to lower mortgage rates

New Residential Investment Corp. took a $32 million net loss in the second quarter as it diversified its business lines and repositioned to...
Title earnings

Increase in refinance transactions boosts title insurers’ results

Title insurers benefited from the increase in origination volume — especially refinancings — during the second quarter, as open order counts increased compared...
Letitia James, attorney general of New York

N.Y. Attorney General wary of Ditech bankruptcy’s effect on foreclosures

New York Attorney General Letitia James is monitoring how the bankrupt Ditech Holding Corp. handles borrower-sensitive issues like foreclosure proceedings, and is backing...

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Home sales in Acadiana, Lafayette Parish surge in October

Home sales in Acadiana, Lafayette Parish surge in October

Home sales in October in Acadiana were the highest ever recorded while sales in Lafayette were just shy of a new record.Data released...

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