An eye-opening experience: Housing pros react to the global tech outage

Mortgage and real estate executives attending HousingWire‘s Artificial Intelligence (AI) Summit in Dallas on Tuesday have already begun to collect some lessons learned from Friday’s global tech outage as the world is still dealing with its consequences.  Different companies were impacted to different degrees by the problem, but executives said…

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How Pennymac is preparing for the forthcoming refi wave

Pennymac Financial Services earned a profit of $98.3 million in second-quarter 2024, more than double the $39.3 million it raked in during the prior quarter. And the company is getting its ducks in a row to seize on opportunities when interest rates fall, relying on its scale and servicing portfolio…

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