William Chang steps down as Pennymac’s capital markets leader by Flávia Furlan Nunes for HousingWire

HousingWireHousingWire William Chang is stepping down from his roles as chief capital markets officer at PennyMac Financial Services and chief investment officer for PennyMac Mortgage Investment Trust, the company announced Thursday. Industry veteran Mark Elbaum will succeed him.  Chang, who joined the company in 2012, will “pursue other interests in…

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MBA’s Broeksmit says ‘harassment, deception and distrust from trigger leads’ must end by Chris Clow for HousingWire

HousingWireHousingWire The Mortgage Bankers Association (MBA) is prioritizing its legislative work on a bill that would ban the practice of trigger leads, in which consumer credit reporting agencies share with other lenders that a “hard credit report” was pulled for a mortgage application. This can lead to an onslaught of…

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Decisions by legislators, homebuilders may have worsened North Carolina’s Helene damage by Chris Clow for HousingWire

HousingWireHousingWire On Thursday, the devastation of Hurricane Helene reached a grim milestone as the death toll has reached 200, according to reporting by the The Associated Press. In the western regions of North Carolina, “the storm washed out roads and knocked out electricity, water and cellular service,” the AP reported….

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