PHH Reports 4Q Profit
February 7, 2012 PHH Corp. reported a profit of $13 million in the fourth quarter, but posted a loss of $127 million for the full year.

Mortgage Loan Apps Down by 5%
January 25, 2012 Mortgage loan application volume declined by 5% on a seasonally adjusted basis for the week that ended Jan. 20, as interest...

Messina Replaces Selitto at PHH
January 4, 2012 Jerome Selitto has resigned as president and chief executive of PHH Corp., Mt. Laurel, N.J., and has been replaced by the...

PMI Files for Chapter 11 Bankruptcy
November 23, 2011 The PMI Group Inc., Walnut Creek, Calif., has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the...

MGIC Delinquencies Dropped in October
November 8, 2011 Mortgage Guaranty Insurance Corp.'s delinquent loan inventory declined by more than 1,000 loans in October although new...

Refinancings Help and Hurt PHH
November 2, 2011 The refinance boom of the third quarter both helped and hurt results at PHH Corp. of Mount Laurel, N.J.

Fitch May Lower B of A's Viability Rating
October 14, 2011 Fitch Ratings may cut Bank of America's viability rating one notch if certain concerns regarding the company's exposure to the...

Finally, Mortgage Applications Pick Up Steam
September 14, 2011 After several weeks of application declines, it appears that low interest rates are finally causing an increase in new business.

Extra Business No Problem for MI Firms After Two Exit
September 2, 2011 There is more than enough capacity for the remaining private mortgage insurers to handle the current volume of low down...

New Mexico Mortgage Outfit Buying Iowa Lender
August 25, 2011 PSM Holdings Inc. of Roswell, N.M., has agreed to buy Iowa Mortgage Professionals Inc., a lender and brokerage based in Des...