Pennymac profit drops in Q2 as rates bite, layoffs follow
Pennymac posted Q2 net income of $22 million, down 84% YoY, as lock volume fell 18% and adjusted ROE slipped to 7%.
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Hawks Lorie Logan and Beth Hammack run the Fed for now
Even though the Federal Reserve didn’t hike rates today, the hawks won three key victories with higher nominal and real yields.
Homes.com helps drive CoStar to first profitable residential quarter
For the first time, CoStar’s residential portfolio turned adjusted EBITDA positive, generating $12 million in profit.
Cloze unveils app to capture, organize open house leads
The app replaces paper sign-in sheets with digital check-ins that create contact records, log attendance and collect visitor feedback.
Here’s another example of how proprietary loans are driving growth for the reverse mortgage market
Proprietary reverse mortgages drove industrywide volume to $9.65B in 2025 as HECM volume stalled and higher rates shifted product economics.
Couples can boost retirement savings with one simple conversation
Research found that just over 40% of couples actively coordinate their 401(k) contributions to maximize employer matching funds.
loanDepot picks Miami for new tech and fulfillment corporate center
loanDepot will open a new corporate center in Miami in September, establishing an East Coast hub that expands its national footprint and centralizes key corporate functions.
Real estate brokers say rising mortgage rates derail early 2026 housing rebound
Mortgage rates rose from 6.23% to 6.94% after Iran conflict escalation, and brokers now expect about 4 million home sales in 2026.
Miami Realtors + RWorld’s Dionna Hall on building a unified South Florida MLS
Dionna Hall — co-CEO of Miami Realtors + RWorld — discusses what’s next for BeachesMLS and MIAMI MLS and how agents can demonstrate skill.
Compass International Holdings agents join American Real Estate Association
Compass International Holdings agents at company-owned operations get free ARA membership for the rest of 2026 and all of 2027.