HousingWireHousingWire Freddie Mac announced Thursday that it earned net income of $2.8 billion in the first quarter of 2025, a 1% annual increase. The government-sponsored enterprise (GSE) also posted net revenues of $5.9 billion from January through March, an increase of 2% year over year, which the company said was…
Continue reading →HousingWireHousingWire In a solid debt market for mortgage companies, PennyMac Financial Services announced on Thursday the issuance of $650 million in debt maturing in 2032, primarily to facilitate the redemption of notes that are due in October. “Proceeds from the offering, together with cash on hand, will be used for…
Continue reading →HousingWireHousingWire Gone are the days when speed and precision were simply nice-to-haves — they’re now the foundation of a lender’s survival. In a market shaped by rising borrower expectations, economic pressure, and the need for faster, more intelligent decision-making, innovation is no longer optional. In this exclusive docuseries series, we…
Continue reading →HousingWireHousingWire In an industry where fractured technology stacks and rising operational costs are the norm, Remarkable Mortgage — powered by Oconee State Bank, an FDIC-insured institution — is setting a new standard by leveraging CANDID’s industry-leading sales and mortgage marketing operating system. With a 30% increase in business from 2023…
Continue reading →HousingWireHousingWire Despite an overall reduction in its reverse mortgage servicing portfolio when compared to the prior year, the parent company of one of the nation’s largest reverse mortgage lenders continues to tout the overall performance and profitability of the division in a high mortgage rate environment. Onity Group, the parent…
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