When doing these surveys over the years a common comment we receive is that they reward those who have high unpaid principal balance totals because they get their loans from areas with elevated home prices. Processing Content To recognize those who do plenty of business, but whose results are not seen in the dollar totals, […]
2026 Top Producers by number of loans originated Read More »
One popular refrain in the mortgage industry is that rates take the escalator on the way up and the stairs on the way down. Yesterday was definitely an “escalator” sort of day with the average lender moving up 0.12% for a top-tier 30yr fixed rate. Based on improvement in the bond market, rates are lower
Mortgage Rates Edge Just Barely Lower Read More »
Higher pretax income from its originations business in the first quarter versus comparative period was offset by lower earnings related to servicing for PennyMac Financial Services. Processing Content The company reported net income of $82.3 million for the first quarter. This compared with $106.8 million for the fourth quarter and $76.3 million for the first
PennyMac 1Q profit falls as servicing drags on results Read More »