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Hedging losses cut into Pennymac unit's profit

National Mortgage
Mortgage Finance
1 year ago

A mix of servicing and origination gains drove Pennymac's financial services unit to a profit that fell short of consensus,.. Read More;

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Pending sales of US homes decline for first time since July

National Mortgage
Mortgage Finance
1 year ago

Pending sales of US homes declined last month for the first time since July, as high borrowing costs and prices,.. Read More;

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Old Republic sells title tech businesses to Qualia

National Mortgage
Mortgage Finance
1 year ago

Old Republic Title is selling its Ramquest title production business and the e-closing platform to Qualia Labs, another title technology,.. Read More;

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Senate Budget advances Russell Vought over Democrats' protest

National Mortgage
Mortgage Finance
1 year ago

Russell Vought, director of the Office of Management and Budget nominee for President Donald Trump, during a Senate Budget Committee,.. Read More;

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Flagstar projects profitability by Q4 as turnaround continues

National Mortgage
Mortgage Finance
1 year ago

Flagstar Financial's stock price rose sharply Thursday after the Long Island-based company reported better-than-expected quarterly results and said it could,.. Read More;

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Beeline diversifies by expanding into product offerings

National Mortgage
Mortgage Finance
1 year ago

Beeline, a digital mortgage lender, has decided to further diversify its offerings, announcing that apart from originations it will also,.. Read More;

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RiskExec becomes a standalone company with new investment

National Mortgage
Mortgage Finance
1 year ago

Vista Equity Partners is putting funds into RiskExec, a fair-lending compliance firm, that will allow the latter to operate independently,.. Read More;

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How Two Harbors handled the fourth quarter's rate volatility

National Mortgage
Mortgage Finance
1 year ago

Two, a mortgage real-estate investment trust, reported net income far exceeded consensus in the fourth quarter, when it used hedges,.. Read More;

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Lack of Fed action seen in this week's mortgage rates

National Mortgage
Mortgage Finance
1 year ago

In the run-up to this week's Federal Open Market Committee meeting, mortgage rates stayed essentially flat, as the market priced,.. Read More;

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Nations Lending flings trade secrets suit at CMG Financial

National Mortgage
Mortgage Finance
1 year ago

Nations Lending is accusing two of its former branch managers and their current employer, CMG Financial, of trade secrets theft,.. Read More;

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Annaly beats Wall Street estimates, eyes more MSR buys

National Mortgage
Mortgage Finance
1 year ago

Annaly Capital Management beat Wall Street earnings expectations for the fourth quarter and full year, as it eyes more mortgage,.. Read More;

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US economy ends 2024 with 2.3% GDP growth on consumer resilience

National Mortgage
Mortgage Finance
1 year ago

The US economy expanded at a solid pace at the end of 2024, fueled by a generous tailwind from consumer,.. Read More;

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Title company settles RESPA JV referral claims for $1M

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