Most read stories for the week include a look at U.S. life insurance industry's market share information and operating results for the third quarter.
Rate hike expectations, postelection bond rout spur demand for MSRs
Demand for mortgage servicing rights rose moderately in the third quarter, before accelerating over the last several weeks as President-elect Donald Trump's unexpected election victory possibly sparked one of the largest bond routs since the Great Recession.
Multistate insurance regulatory probe of Prudential Financial gains footing
The issue involving allegedly fraudulent sales of Prudential Financial Inc.'s low-cost life insurance policies by Wells Fargo & Co. branches is poised to become a larger, multistate insurance regulatory investigation.
Lifecos overcame premium pressure to post strong Q3 statutory profitability
The U.S. life industry's pretax operating income of $23.14 billion in the third quarter represented its highest such result since the first quarter of 2012 and marked an increase of 80.9% from the year-earlier period.
Calif. loans dominate SoFi's 1st RMBS deal
Social Finance Inc. is entering the residential mortgage-backed securities space with a private transaction backed by $173.8 million in loans, and it appears that the San Francisco-based lender does not stray far from home when originating mortgages.
MetLife keeps top rank in US life insurance market share through Q3'16
MetLife Inc. maintained its lead as the top U.S. writer of ordinary and group life insurance premiums for the nine months ended Sept. 30. but the impending split of the company's domestic retail business could threaten its position.