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Jobs at non-depositories active in housing finance in March declined for two months in a row for the first time since 2019, according to Bureau of Labor Statistics estimates. The number of people on nonbank mortgage-banker and broker…
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PennyMac Financial Services' first quarter net income was flat compared with the prior three month period, but on an earnings per share basis beat consensus estimates because of its servicing business. For the first quarter, the Pennymac…
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Welp, despite my calls for a reversal, or a correction of sorts, mortgage rates keep climbing higher. The trend is decidedly not anyone’s friend when it comes to low interest rates. And it’s clear that the current environment is up, up, up,…
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