PennyMac Mortgage Investment Trust announced that company founder and Non-Executive Chairman Stanford Kurland died at age 68 due to complications from COVID-19. Kurland had also been battling brain cancer.
Jan 26, 2021
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Record low inventory and strong buyer demand surged the cost of homes in the U.S 9.5% nationally in November, according to the Case-Shiller index.
Jan 26, 2021
There have been three main forbearance exit trends since June. Each exit strategy provides a different perspective on the borrower experience during COVID-19. This is what the top three trends mean for servicers in 2021.
Jan 26, 2021
Amerant Bank, one of the largest community banks in Florida, announced it is venturing into the mortgage industry with the formation of Amerant Mortgage.
Jan 26, 2021
Influential members of the housing industry expressed excitement at Janet Yellen’s confirmation as Treasury Secretary under President Joe Biden.
Jan 26, 2021
Technology firm SitusAMC announced its acquisition of mortgage and title outsourcer Assimilate Solutions on Monday – it’s second acquisition in January.
Jan 25, 2021
The U.S. Senate officially appointed Janet Yellen as Treasury Secretary on Monday, ensuring the 74-year-old will be the first woman to lead the department in its more than 230-year history.
Jan 25, 2021
The U.S. forbearance rate held relatively steady last week, rising one basis point to 5.38% of servicers’ portfolio volume, according to the MBA.
Jan 25, 2021
Much like the changing of the calendar, buying and selling homes follows a seasonality that that those in mortgage and real estate have grown accustomed to. But a recent study from tech startup Haus found that mortgage rates can also be seasonal, and borrowers can benefit from understanding that rhythm.
Jan 25, 2021
“Big Four” title insurer First American Financial Corp. announced Monday that it has reached an agreement to sell its property and casualty subsidiaries.
Jan 25, 2021
Zillow predicts 6.82 million existing home sales in 2021, the most recorded in a single calendar year since 2005 and a 21.1% increase from 2020.
Jan 25, 2021
Darwin Homes, a single-family rental property management startup, announced a $15M Series A funding on Monday.
Jan 25, 2021
