Pennymac achieves $145 million profit in the year 2023.
"Pennymac Financial Services demonstrates profitability in a challenging market, attributing success to a strong servicing portfolio."
NAR’s Video Message: Setting the Record Straight on Commissions
As a mortgage industry expert, stay updated with the latest news on commissions. Find an informative video by a trade group addressing misconceptions, now edited and republished for private lenders. Explore the video today.
NewRez Implements Retail Division Restructuring, Reducing Senior Managers
As an industry expert, I provide clinical summaries of mortgage industry news. Discover the latest update about a lender restructuring its retail mortgage division, leading to cuts in senior managers and leaving LOs in search of new opportunities. Stay informed!
United Bank consolidates mortgage subsidiaries
United Bank's subsidiary, Crescent Mortgage, to cease operations in March as part of mortgage business consolidation. Valuable insight for private lenders.
Decrease in Home Equity Levels Recorded in Q4
The share of mortgaged homes with significant negative equity rose slightly from the previous quarter. Read more about home equity levels in Q4.
Housing inventory rises continuously for the third month.
Private lenders can find valuable insights in a news article discussing housing inventory trends for the past month. Discover more here.
Top sales team joins The Real Brokerage: A formidable addition to the company’s impressive roster.
As a mortgage industry expert, stay updated with the latest news. Read insider insights about private lenders as Suarez Team achieves outstanding $210 million business in 2022.
UWM Introduces 100 Basis Points Discount for Conventional Rate-and-Term Refinances
"Discover a temporary incentive program empowering broker partners to generate their own 'refi boom.' Learn how private lenders can benefit today."
Old Republic reports significant 12.8% decrease in net income for 2023.
"Explore the decline in net premiums and fees in the title insurance segment at Old Republic, impacting private lenders. Find out more here."
FOA’s Sieffert Highlights Reverse Mortgage Opportunities Amidst ‘Massive Pivot’
FOA President Kristen Sieffert discusses the current state of the reverse mortgage industry and growth prospects following the acquisition of AAG. Discover more.