California-based multichannel lender and servicer PennyMac Financial Services announced on Monday a proposed private offering of a $650 million aggregate principal amount of senior notes that the company says it will pay back with interest by 2030.The notes will “be fully and unconditionally guarant

The setting could not have been more appropriate. Rohit Chopra, the head of the Consumer Financial Protection Bureau, and frequent critic Bob Broeksmit, the president and CEO of the Mortgage Bankers Association, sparring on stage over what constituted a junk fee. Chopra, the consumer watchdog, noted

The U.S. Department of Housing and Urban Development (HUD) announced on Monday morning an extension to Ginnie Mae’s digital collateral program and an increase to fees servicers can charge on assumable mortgages, aiming to bring more efficiency and affordability to the housing market. “The past four

The most notable trend in U.S. housing data recently is that price reductions are on the way up. There are more homes sitting on the market that didn’t get offers at their original list price and have had to reduce their prices than in any recent May.What does this leading indicator data tell us abo