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Sarah WolakPennyMac Q1 earnings: Strong mortgage production offsets weaker servicing results
PennyMac earned $82.3M in Q1, adjusted $117.7M. Production pretax income rose, while MSR hedges hit servicing.
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Mortgage Rates
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AL.com20 states with the worst foreclosure rates
Alabama ranked 14th with 1,996 foreclosure filings as Texas, Florida and California led the nation in total foreclosure starts, signaling potential trouble ahead for the housing market.
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Mortgage Rates
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Lesley CollinsDonna Schmidt on leadership, longevity and navigating change in mortgage servicing
In this Women of Influence spotlight, Donna Schmidt, President and CEO of DLS Servicing and WaterfallCalc, shares how a pivotal career move led her to servicing, the mindset that shaped her leadership
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Mortgage Rates
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Richard LawsonMissouri may expand its first-time homebuyer savings tax break
Saving for a first home in Missouri is about to get a significant tax break – with a big if – provided the state Senate’s latest housing bill makes it through the House. Senate Bill 1001 passed the Se
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Mortgage Rates
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Brooklee Han, HousingWire AutomationNew Jersey real estate teams merge and join eXp Realty
Hatab moved from BHHS FOX & ROACH and merged with Boutros at eXp Realty, forming Unify with $120 million and 309 deals.
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Industry News
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Total Mortgage ServicesTotal Mortgage Services' Denise Peach Named Loan Officer of the Year by Massachusetts Mortgage Bankers Association
Recognition establishes Total Mortgage Services leader Denise Peach as the Massachusetts Mortgage Bankers Association’s Loan Officer of the Year, highlighting her industry leadership and impact. Recog
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Mortgage Rates
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HousingWire Automation‘Motivated Mover Method’ offers framework to build a more predictable real estate pipeline
Real estate agent Kendall Bonner’s book outlines the Motivated Mover Method, a life-event-focused system to build a predictable pipeline.
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Mortgage Rates
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NerdWalletMortgage Rates Today, Tuesday, May 5: A Little Higher
The possibility of renewed aggressions in Iran has mortgage interest rates edging upward today.
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Market Trends
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The Denver PostIn metro Denver housing market, steadiness replaces seasonality
Before the pandemic, there was a flow to the metro Denver housing market, with a discernible peak selling season in the spring. That pattern has been disrupted since 2022.
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Market Trends
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Bloomberg Tax NewsFlorida’s Future: More Wealth, Less Growth: Conor Sen
Early signs of a recovery in Florida’s housing market should start to quiet the chatter surrounding the state’s real-estate and migration slump of the past few years. But Florida is unlikely to return
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Market Trends
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BloombergFlorida’s Future: More Wealth, Higher Costs and Less Growth
Early signs of a recovery in Florida’s housing market should start to quiet the chatter surrounding the state’s real-estate and migration slump of the past few years. But Florida is unlikely to return
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Mortgage Rates
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SFGATEThe homebuying workaround more Californians are considering
Seller financing is giving some California homebuyers a way around high mortgage rates while offering sellers tax benefits and a steady income.
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