The national property tax delinquency rate accelerated last year, with data indicating potential emerging financial strain among some segments of mortgage borrowers. The share of property tax delinquencies across the U.S. increased to 5.1% in 2024, rising from 4.5% one year earlier, according to a new report from real estate data provider Cotality. The research […]

Pennymac is continuing to restructure its debt, pricing another offering this week.  The correspondent leader priced $650 million of 6.750% senior notes due 2034 on Thursday. The company said it will use the proceeds to repay borrowings under its secured mortgage servicing rights facilities, other secured debt and general corporate purposes.  The move follows two

A takeaway from Blend Labs’ latest earnings is that, although it’s growing consumer banking broadly, the mortgage operations are the biggest investment theme in the short term, Keefe, Bruyette & Woods said. “The company’s expansion into consumer banking adds a new growth vector that should be synergistic with Blend’s mortgage client roster and positions the