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PennyMac Financial earnings decline reflects slowdown in originations

National Mortgage
Mortgage Finance
4 years ago

Net income at PennyMac Financial Services came in lower on a quarterly and annual basis, reflecting industry headwinds in the,.. Read More;

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First-time buyers use pandemic funds to help save for down payments

National Mortgage
Mortgage Finance
4 years ago

Rather than spending their federal pandemic stimulus money, some Americans banked it, and now almost one-quarter of first-time home buyers,.. Read More;

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Follow the kids to see where the U.S. housing boom still has legs

National Mortgage
Mortgage Finance
4 years ago

Home prices are rising fastest in family-friendly suburbs, a trend that's set to persist as a record number of millennials,.. Read More;

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Mortgage jobs inch up on a net basis despite Omicron, layoffs

National Mortgage
Mortgage Finance
4 years ago

The latest nonbank mortgage employment numbers show a slight month-to-month uptick, but even after a substantial upward revision for 2021,.. Read More;

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Take Fannie and Freddie out of conservatorship before it's too late

National Mortgage
Mortgage Finance
4 years ago

If Britney Spears is out of conservatorship after 13 years, why not Fannie Mae and Freddie Mac?No senator asked that,.. Read More;

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Construction grows at fastest pace for six months: PMI

Mortgage Finance Gazette
Mortgage Finance
4 years ago

The report posted growth of 56.3 in January, up from 54.3 in December, as the industry started the year strongly. A,.. Read More;

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Majority of average fixed rates rise again, Moneyfacts finds

Mortgage Finance Gazette
Mortgage Finance
4 years ago

For a two-year fix, the average rate gained 2 basis points, going to 2.46% and, for a three-year fix, a,.. Read More;

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Rightmove sees busiest every January, with demand up 6%

Mortgage Finance Gazette
Mortgage Finance
4 years ago

The property website, founded in 2000, recorded over 218 million visits to its site and apps last month, up by,.. Read More;

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Colsell named as new chair at OneFamily

Mortgage Finance Gazette
Mortgage Finance
4 years ago

Colsell will replace Christina McComb, who will step down from the role at the annual general meeting June.  McComb has held,.. Read More;

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Fannie Mae sets new target date for relief on g-fee advances

National Mortgage
Mortgage Finance
4 years ago

A major government-related mortgage buyer has set a new date for when it plans to follow through on its promise,.. Read More;

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FHFA prepares issuer capital rule proposal for nonbanks

National Mortgage
Mortgage Finance
4 years ago

Just as the memory of COVID forbearance is starting to fade, the U.S. mortgage industry is bracing for a new,.. Read More;

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Omicron worries, Fed tone leave mortgage rates flat for the week

National Mortgage
Mortgage Finance
4 years ago

Average mortgage rates flattened over the past week, as a more hawkish Fed tone was tempered by economic concerns from,.. Read More;

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