Fitch Releases Report on Nationstar Mortgage LLC
Fitch Ratings has published a report on Nationstar Mortgage LLC. The report is available at 'www.fitchratings.com'.
Genworth hikes mortgage insurance premium, matching CMHC move
Mortgage insurer Genworth Canada has matched the CMHC's hike late last week to the amount it charges borrowers with very little money down to insure their loans. On Monday, Genworth announced it would match the CMHC's move on Friday to hike the premiums it charges to home buyers who borrow at least 90 per cent of the purchase price of a home. Starting June 1, those borrowers will pay about 15 …
Ocwen Financial Shrinkage Continues as NYSE Threatens Delisting
The sale of Ocwen's $25 billion mortgage-servicing portfolio to Nationstar is the second such transaction between the two companies. Ocwen insists its liquidity is sufficient.
Mortgage insurer exercising 'heightened vigilance' in Alberta real estate market
TORONTO – Mortgage insurer Genworth (TSX:MIC) is making changes to its underwriting practices in Alberta as it braces for an increase in delinquencies in the region.