BlackRock Inc. and Pacific Investment Management Co. are among investors set to make their final push for court approval of an $8.5 billion settlement with Bank of America Corp. over mortgage bonds that opponents say resolves only a small portion of their losses.
NMI Holdings Inc., the mortgage insurer backed by Kyle Bass and Carlyle Group LP, raised $27.3 million in a public offering after selling shares at the top of their marketed range, valuing the company at about $750 million.
ING U.S. Inc., the insurer being divested by its Dutch parent, posted the biggest advance in the Russell 1000 index after third-quarter operating earnings climbed 61 percent, beating analysts’ estimates.
Moody’s Corp. shares may drop as the market’s indifference to its downgrades prods bond issuers to stop paying for ratings, according to Mark Palmer, an analyst for BTIG LLC, a trading firm in New York.
When Jay Sugarman’s IStar Financial Inc. bought Fremont General Corp.’s commercial lending business in June 2007, the deal brought loans on undeveloped residential land as new home sales were two years into a six-year slide.
Genworth Financial Inc., the best- performing insurer in the Standard & Poor’s 500 Index this year, said earnings increased 86 percent as the unit that backs U.S. home loans reported a second straight profit.
Lender Processing Services Inc., the company said to be in talks to sell itself to its former owner, could leave shareholders where they started in 2008 if the mortgage-services provider completes its round-trip journey.
Ambac Financial Group Inc. fell to the lowest level since its stock began trading again in May as investors try to estimate its vulnerability to Puerto Rico, whose economy contracted 5 percent this year.