Access Denied. A probe by New York State’s top financial services cop into possible fraud in the sale of pricey mortgage insurance is being stonewalled by a pair of Wall Street firms who refuse to turn over data, The Post has learned. Ben Lawsky, the Superintendent of the state’s new Department of Financial Services, was ...Read More
NEW YORK, Feb. 7, 2012 /PRNewswire/ – American Loan Compliance, America’s leading loss mitigation and commercial mortgage loan audit report experts, were recently featured in the press showcasing the advantages to having loans investigated prior to negotiating terms on restructuring real estate loans. The experts interviewed and featured are dedicated to spreading knowledge, educational products, tools ...Read More
JACKSONVILLE, Fla., Feb. 8, 2012 /PRNewswire/ — Fidelity National Financial, Inc. (NYSE:FNF – News), a leading provider of title insurance, mortgage services and diversified services, today announced that its Board of Directors has declared an increased quarterly cash dividend of $0.14 per share, an increase of 17% from the previous quarterly cash dividend of $0.12 per share. The ...Read More
MOORPARK, Calif.–(BUSINESS WIRE)– PennyMac Mortgage Investment Trust (NYSE:PMT – News) today reported net income for the fourth quarter of 2011 of $19.6 million, or $0.70 per diluted share, on total net investment income of $39.1 million. This brings the full-year net income earned by PMT to $64.4 million, or $2.41 per diluted share, on total ...Read More
Image by Getty Images via @daylife Stop me if you’ve heard this one before: Politically ambitious state attorneys general target an unpopular industry with lawsuits based on creative legal theories that would stand a tough time in court. Their sheer legal might brings the other side to the negotiating table. Talks grind on. Finally a ...Read More
NEWARK, N.J.–(BUSINESS WIRE)– Prudential Mortgage Capital Company originated nearly $9.7 billion in commercial mortgages for 2011, surpassing its 2010 level of $9.1 billion, making it the company’s third largest production year ever. Prudential Mortgage Capital, which is the commercial mortgage lending business of Prudential Financial Inc. (NYSE: PRU – News), also said it is looking ...Read More
Sarah Davidson, 6 February, 2012 Members of both Paradigm Mortgage Services and Paradigm Financial Advisers will be able to access the range of mortgage products currently offered by GE Money Home Lending. The lender offers mortgages on an interest-only and repayment basis and uses affordability-based calculators to consider each consumer’s individual ability to repay, rather ...Read More
JACKSONVILLE, Fla., Feb. 6, 2012 /PRNewswire/ – Fidelity National Financial, Inc. (NYSE:FNF – News), a leading provider of title insurance, mortgage services and diversified services, today announced the signing of a definitive agreement to acquire all of the outstanding common stock of O’Charley’s Inc. (NASDAQ:CHUX – News) that it does not currently own for $9.85 per share ...Read More
February 05, 2012, 5:45 PM EST By Bloomberg News (Updates with analyst’s comments in fourth paragraph.) Feb. 3 (Bloomberg) — China will limit mortgage loans for home purchases by foreigners to stem overseas investment in its property market as part of efforts to cool prices. The nation’s planning agency won’t approve medium- and long-term foreign ...Read More
NEW YORK, NY–(Marketwire -02/03/12)- Expectations for Mortgage Insurers remain poor in 2012 as significant weakness remains in the jobs and housing markets. In late January, S&P lowered its outlook on three mortgage insurers — MGIC Investment Corporation, Genworth Financial and Radian Group — explaining that its outlook on both the parent and mortgage insurance segment ...Read More