PennyMac Financial Services fourth quarter earnings were affected by the lower interest rate environment in the quarter, coming in higher year-over-year but reduced versus the linked quarter. Processing Content PFSI reported $106.8 million in net income for the quarter and $501.1 million for the year. A year earlier, the company had earned $104.49 million for […]
PennyMac Q4 earnings miss as margins, servicing slip Read More »
Sometimes being tuned into daily mortgage rate changes means coming across other news about financial markets. In today’s case, that could expose you to anything from the massive selling of certain stocks earlier in the day or the unprecedented trading levels in various commodities. While the financial market buzz may be centered on silver and
Mortgage Rates Hold Steady Despite Volatility in Other Markets Read More »
Foreclosure- and bank-owned auction volume jumped to their highest levels in years, but buying activity didn’t keep pace with the rise in inventory, according to the latest report from Auction.com. Processing Content Foreclosure inventory, which makes up the majority of distressed auction properties, leaped 48% year over year in the recent fourth quarter to its
Foreclosure auction inventory rises to near 6-year high Read More »