Richmond Mortgage News

Genworth Financial Announces Fourth Quarter 2011 Results
RICHMOND, Va., Feb. 2, 2012 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW - News) today reported results for the fourth quarter of 2011. The company reported net income(1)of $107 million, or $0.22 per diluted ...

White House details mortgage refinancing plan for homeowners
The White House hopes to help millions of homeowners lower their monthly mortgage bill with a $5 billion to $10 billion plan to set up a streamlined refinancing program for people who are current on their payments.

Property Transfers
Here are the Richmond County property transfers for Jan. 19-27. The date indicates when the transfer was recorded in the clerk's office. James H. Smith to Tal S.

Richmond home used as grow-op seized and sold
A Richmond home which was found with 800 marijuana plants has been seized and sold, Richmond RCMP said in a press release today.

Genworth Surges as Insurer Swings to Profit: New York Mover
Genworth Financial Inc., the mortgage guarantor and life insurer, posted the biggest gain in the Standard & Poor’s 500 Index after swinging to a fourth-quarter profit on fewer claims tied to delinquent borrowers.

Home sales rose in Richmond area in 2011, but prices fell
Home prices slid last year in central Virginia and the Richmond area as foreclosures continued to take their toll on the housing market, according to a report released Wednesday by the Richmond Association of Realtors.

Regency Square Transferred to the Mortgage Lender
BLOOMFIELD HILLS, Mich. , Jan. 5, 2012 /PRNewswire/ -- Taubman Centers, Inc. (NYSE: TCO) today announced the mortgage lender for Regency Square ( Richmond, Va. ) accepted a deed in lieu of foreclosure ...

Genworth Financial Swings to a Profit as Mortgage-Insurance Unit Improves
Genworth Financial Inc. (GNW) , the mortgage guarantor and life insurer, swung to a fourth-quarter profit as it faced fewer new claims for U.S. homeowners who fell behind on loan payments.

Genworth Swings To Q4 Profit On Strong Domestic Results; Shares Up
Insurance company Genworth Financial, Inc. (GNW) reported Thursday a profit for the fourth quarter compared to a loss last year, reflecting strong results from U.S. Life Insurance and U.S. Mortgage Insurance divisions. The company's international platform capital generation also remained strong. Adjusted earnings per share missed analysts' expectations by two cents, while quarterly revenues ...

Union First Market Bankshares Declares Quarterly Cash Dividend
RICHMOND, Va., Jan. 27, 2012 /PRNewswire/ -- Union First Market Bankshares Corporation (NASDAQ: UBSH - News) has declared a quarterly dividend of $0.07 per share.  The dividend amount is the same as the prior ...