Broker Channel Launch Imminent at PennyMac
Earnings and mortgage originations at PennyMac Financial Services Inc. saw quarter-over-quarter gains and year-over-year losses. A wholesale channel is about to open.
US Employment Soars as Mortgage Jobs Contract
The employment report for last month was a stark improvement from the dismal report for September as unemployment fell to its lowest level since 2000. Mortgage staffing was reduced, though.
Mortgage Jobs Rise Despite Weak Employment Report
While the nation's overall employment was battered by the recent hurricane activity, non-bank employment within the home-lending sector moved higher.
Mortgage Jobs Fall as US Employment Data Weakens
Monthly job growth within all U.S. industries weakened as unemployment worsened. After rising four straight month, non-bank mortgage employment retreated.
New Wholesale Mortgage Lender Launches
An established retail home lender operating from New York state has launched a wholesale division to do business with mortgage brokers.
Rates Up on Strong Jobs Report, Mortgage Jobs Jump
Employment data released today reflects a robust job market -- sending interest rates higher. Mortgage employers added 5,000 non-bank jobs.
PennyMac Lending Rises, Launching Broker Channel
PennyMac Financial Services Inc. sees opportunity in mortgage brokers and is about to launch a broker business. Quarterly originations increased as earnings declined.
Alexa Helps Mortgage Brokers w/Pipeline Management
A wholesale mortgage lender is providing its mortgage-broker clients with hands-free access to current information about their loan pipelines.
Job Growth in Mortgage Industry
As was the case for all industries, monthly employment expanded in the mortgage sector. The positive news hurt interest rates. Still, unemployment inched higher, and wage growth stalled.
Mortgage Wholesalers Offer Nonprime, Non-QM, 120%
Recent offerings by wholesale mortgage lenders include nonprime programs, loans that don't meet Qualified Mortgage standards, and loan-to-value ratios up to 120 percent.