Pennymac rolls out new home equity loan product for broker partners

California-based Pennymac Financial Services’s broker division, Pennymac TPO, launched a home equity loan product as tappable home equity nears its 2022 peak.“Pennymac’s broker partners can now offer their clients a home equity loan as a second lien solution to access more cash, while still preservi
Read MoreEasyKnock acquires home equity co-ownership firm Balance Homes

Residential sale-leaseback platform EasyKnock has acquired home equity investment platform Balance Homes, the company announced on Tuesday. The latest acquisition comes on the heels of a series of other proptech startup purchases. Last May, EasyKnock gobbled up Ribbon, a power buyer firm, and in Sep
Read MoreAppeals court hears arguments on reopening the DOJ’s probe into NAR

The National Association of Realtor’s ongoing battle with the Department of Justice is heating up again. On Friday, a three-judge appellate court panel in Washington, D.C. heard oral arguments from both NAR and the DOJ, over whether the federal agency will be able to reopen its probe into the trade
Read MoreNAR names new chief marketing and communications officer

The National Association of Realtors (NAR) has a new chief marketing and communications officer. The trade group announced Tuesday that Suzanne Bouhia would lead NAR’s marketing and communications group starting Dec. 11.Bouhia is joining NAR’s senior vice president team, which is responsible for sup
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