The stock market had a bear day on Monday, as equities suffered as gold and other commodities declined in price and then trading was further impacted by two blasts near the Boston Marathon. The Dow Jones Industrial Average closed nearly 266 points lower.
All 17 Mortgage Industry Equity Composite stocks were down compared with
The best performing stock was Home Loan Servicing Solutions, and that was down 1.39%.
The negative news over
PennyMac closed 4.85% lower.
Evergreen Residential has secured $1 billion in capital commitments to support its three business lines, including lending, in investment real estate.
In the aftermath of the election, a bipartisan group of House members are the latest to ask the FHFA to put the owner's title insurance waiver pilot on hold.
Government-guaranteed securitization rules complicate servicing sales and are a growing problem for nonbanks, the Community Home Lenders of America says.
Lower borrowing costs, reduced exposure to the urban office sector and flattening vacancy rates could collectively save lenders from beleaguered corners of the commercial real estate market.
The companies held out hope that they'd get skeptical regulators to sign off on their $286 million deal before determining that canceling it was in their best interests.
Gruenberg, the Federal Deposit Insurance Corp.'s longest-serving board member, will step down in January, marking the end of an era after nearly 20 years on the agency's board of directors.
