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Pennymac will permanently cut 236 California positions in early May, according to Worker Adjustment and Retraining Notification reports filed earlier this month. The positions affected are related primarily to refinancing and purchase…
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With a war waging in Central Europe, inflation at 50-year highs and the U.S. central bank looking to raise interest rates multiple times this year, you’d think that the average mortgage banker already has a pretty full plate. But add to the…
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Two years of pandemic borrowing is continually reshaping the way lenders do business. Originators produced a record $4.4 trillion in volume last year, reaching an all-time high purchase lending and a 17-year high in cash-out refinances. But…
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