Pennymac posts $29M profit amid expense cuts, upcoming leadership changes
Company announces pending retirement of president Doug Jones, while CSO Kevin Ryan will replace Dan Perotti as CFO
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Rocket posts $709M profit in Q3 despite tougher mortgage market
Rocket guided Q4 adjusted revenue to range of $2.1 billion to $2.3 billion while noting that refis could drop nearly 50% from Q3
Permits before loans: Inside the launch of Kukun’s Renovation-HELOC Index
The company has mapped renovation hotspots by ZIP code as lenders and servicers eye home equity opportunities
First Horizon sells $4.5B mortgage portfolio at discount
Bank is moving to align its mortgage production more closely with core relationship clients
Fannie Mae slashes 2027 mortgage forecast amid higher rates
Refinance activity takes the brunt of the revision
Mortgage industry reacts to Pulte’s absence at MBA Annual
MBA said 3,700 attendees still gathered in Chicago as FHFA director cited travel tied to housing funds
GSEs target income and occupancy to cut buyback risk
Mortgage giants are deploying tech to flag occupancy risk and income defects upfront
HUD officials offer an action plan to spark FHA lending
At MBA Annual, Matt Jones and Joe Gormley touched on ways to move the needle in FHA single-family mortgage originations
HUD eyes 203(k) renovation changes to boost housing supply
Recent draw changes and a potential review of consultant requirements signal a refocus on the product
MBA forecast: Mortgage volume to dip below $2T in 2027 as 7% rates linger
Trade group projected higher-for-longer borrowing costs, wider spreads and potential Fed hikes ahead