Strong refinance business offset a decline in new primary MI coverage on purchase mortgages during the fourth quarter. Default rates and losses were on the upswing. (Includes four data tables.)

The Federal Reserve will soon issue proposals revising capital requirements set under the Basel framework in a way that could increase bank involvement in mortgage originations and servicing.

Pennymac’s deep expertise in servicing its own book of business uniquely positions the company to acquire subservicing giant Cenlar, according to industry analysts.