Finance of America turned a profit in the first quarter following two consecutive periods of losses. Processing Content The Texas-based reverse mortgage company posted a net income of $35 million last quarter, a significant jump from the $21 million loss recorded in the fourth quarter, but still well below the $80 million it made in […]
Finance of America returns back to profit in first quarter Read More »
Reverse mortgage professionals converged in Knoxville, Tennessee, this week for the inaugural Reverse Mastermind Summit — a three-day event designed to bolster the sales skills of industry newcomers by surrounding them with knowledge from industry veterans. The event opened Wednesday with remarks from three leaders behind the event — Loren Riddick of NEXA Lending, Shannon
Reverse Mastermind Summit kicks off with practical advice, choice words Read More »
PennyMac Financial Services reported first-quarter net income of $82.3 million, or $1.53 per diluted share, as stronger mortgage production helped offset weaker servicing results tied to mortgage servicing rights valuation changes and hedging losses. The Westlake Village, California-based mortgage lender and servicer posted adjusted net income of $117.7 million, or $2.19 per diluted share, for
PennyMac Q1 earnings: Strong mortgage production offsets weaker servicing results Read More »