Left to right: Brandon Bean, Scott Henley Planet Financial Group recently added retail lending veteran Brandon Bean as senior vice president, national fulfillment. In his new role, Bean will be tasked with driving growth of the Meriden, Connecticut-based company’s distributed retail division. He joins the company after most recently holding the title of senior vice […]
Onity, Crosscountry, Blend, MBA make leadership moves Read More »
PennyMac Financial Services fourth quarter earnings were affected by the lower interest rate environment in the quarter, coming in higher year-over-year but reduced versus the linked quarter. Processing Content PFSI reported $106.8 million in net income for the quarter and $501.1 million for the year. A year earlier, the company had earned $104.49 million for
PennyMac Q4 earnings miss as margins, servicing slip Read More »
Sometimes being tuned into daily mortgage rate changes means coming across other news about financial markets. In today’s case, that could expose you to anything from the massive selling of certain stocks earlier in the day or the unprecedented trading levels in various commodities. While the financial market buzz may be centered on silver and
Mortgage Rates Hold Steady Despite Volatility in Other Markets Read More »
Foreclosure- and bank-owned auction volume jumped to their highest levels in years, but buying activity didn’t keep pace with the rise in inventory, according to the latest report from Auction.com. Processing Content Foreclosure inventory, which makes up the majority of distressed auction properties, leaped 48% year over year in the recent fourth quarter to its
Foreclosure auction inventory rises to near 6-year high Read More »
Let me be blunt: if you’re still dumping money into digital lead generation and wondering why your conversion rates are dismal, you’re fighting the wrong battle. Processing Content I’ve grown the number of closed loans by 35% over four years not through fancy CRM systems, not through paid advertising, not through some revolutionary fintech solution.
Why buying leads is killing your mortgage business Read More »
Mortgage rates rose for the second consecutive week, with the 30-year fixed up one basis point on average, as yesterday’s Federal Open Market Committee decision was expected by the majority of the marketplace. Processing Content The move to leave rates unchanged was likely priced into mortgage rates and the benchmarks it uses beforehand. Mortgage pricing
Mortgage rates rise as FOMC inaction adds to uncertainty Read More »
Fourth-quarter results for nonbank mortgage lenders should highlight differences in business models, balance sheets and strategic bets as lenders position themselves for growth in a still-uneven housing market, analysts say. Processing Content From PennyMac’s perceived valuation gap to Rocket’s acquisition-driven quarter and United Wholesale Mortgage’s steady volume gains, analysts see diverging paths among the largest
Pennymac, Rocket, UWM: What analysts expect in Q4 earnings Read More »
Nearly three quarters of lenders expect mortgage volume to improve in 2026, but their confidence is concentrated in refinancings and home equity lending. Processing Content Those expectations from the National Mortgage News Predictions 2026 survey, which was fielded online during November and December among 156 mortgage-industry professionals. More than half, 55% of respondents, work at
Lenders predict 2026 rebound led by refis and home equity Read More »
Propy, a real estate technology company, tapped the private credit market for the first time, securing $100 million to support the startup’s acquisition strategy. Processing Content Metropolitan Partners Group led a credit facility to the company, which uses artificial intelligence to expedite the real estate closing process. Propy has been pursuing a roll-up of
AI real estate business taps $100 million private credit loan Read More »
Supporting data: The financial services sector saw 739 data compromises in 2025, the highest of any industry for the second consecutive year. Key insight: “Skimming 2.0” marks a resurgence of physical threats, with criminals deploying Bluetooth-enabled overlay skimmers at points of sale. Forward look: Regulators warn that reliance on third parties for critical activities creates
Banks remain most breached sector as attacks hit record Read More »