- January 31, 2025
PennyMac’s 2024 performance driven by strong servicing portfolio
Pretax income for the final quarter of 2024 was $129.4 million, up from $93.9 million in the prior quarter and a pretax loss of $54.2
The LA wildfires are a reminder of the cost burden of reconstruction
California’s battles with several wildfires over the past few weeks has resulted in the destruction of more than 57,000 acres and 16,000 structures as of
Newrez president Baron Silverstein on client retention and tech
Silverstein: It’s been a wild ride, but it’s also been fun. It’s been exciting. The mortgage industry continues to basically put up new challenges but also
Struggling homeowners often don’t understand escrow
That finding comes from a survey released Tuesday by tax and flood services provider LERETA. The December Annual Escrow Awareness survey questioned 1,000 homeowners on
All the ways the wildfires could make LA housing more expensive
This retreat will grow as a result of the Palisades and Eaton fires, as insurers adjust their risk models on ravaged parts of LA that
Home-price growth is cooling, leading to appraisal challenges
Cleveland-based Corporate Settlement Solutions (CSS) released an analysis Thursday that highlights a growing gap between appraised home values and sale prices. Across the 19 East
eXp must provide Gibson court with settlement negotiation docs
Although eXp World Holdings is hoping to move past the commission lawsuits thanks to the proposed nationwide settlement it negotiated with the Hooper suit plaintiffs
December jobs report comes in stronger than expected
While the unemployment rate was up compared to the start of the year, the job market ended the year up, with 256,000 jobs added to
Consumer sentiment on mortgage rates better than last year
Fannie Mae‘s Home Purchase Sentiment Index (HPSI) decreased 1.9 points in December to 73.1 — a figure substantially higher than year-ago levels due to ongoing
Results Realty expands in Chicago with Mark Allen acquisition
Results Realty ERA Powered, located in St. Charles, Illinois, has acquired Chicago’s Mark Allen Realty, giving the combined firm three offices and 80 agents. Mark
