MB Daily News, Raleigh NC: PennyMac Financial Services, Inc. (NYSE:PFSI) (Pennymac) today announced that it is changing the name of its broker direct division to Pennymac TPO. As a part…
Builder Application Survey (BAS) data for August 2021 shows mortgage applications for new home purchases decreased 17 percent compared from a year ago. Compared to July 2021, applications increased by…
U.S. stock futures crept down ahead of fresh data on consumer sentiment, pointing to a subdued end to a choppy week in markets. Futures tied to the S&P 500 ticked…
WASHINGTON, DC – For the fourth consecutive quarter, a plurality of mortgage lenders expect near-term profitability to decrease, according to Fannie Mae’s (FNMA/OTCQB) Q3 2021 Mortgage Lender Sentiment Survey® (MLSS).…
A prolonged period of low mortgage rates is taking its toll on the refinance market, as most borrowers who qualify have already gone through the process. The average contract interest…