Evergreen Home Loans, which is based in Washington state and has a presence in seven Western states, announced a major expansion of its footprint on Friday. The company has also hired John Porath as its new regional manager to oversee business in Florida, Georgia, North Carolina, South Carolina and

PennyMac Financial Services Inc. reported Thursday that it earned $104.5 million in net income during the fourth quarter of 2024 on revenue of $470.1 million. It’s an about-face for PennyMac after it posted a net loss of $36.8 million in Q4 2023.For 2024 as a whole, the California-based lender earne

The title entity of Planet Financial Group has a new leader. On Thursday, Planet announced the hiring of Ken Quantie as its new senior vice president of KeyLink Title. In this role, Quantie will work to expand KeyLink’s residential and commercial title offerings, making them available to outside fin

Sage Home Loans Corp. recently hired Bijoy John as its new senior vice president of marketing. John expressed his excitement over joining Sage and implementing his vision at the company.Bijoy JohnSage’s senior leadership team welcomed John with open arms, praising his track record of successfully re

As more older adults state their desires to age in place in their current homes — and with baby boomers owning as much as half of all U.S. home equity based on different estimates — it’s easy to see the potential impact that such a large cohort has on a variety of different businesses, including hom

Britannica, the English-language encyclopedia that has roots as far back as the 1760s, recently highlighted a phrase familiar to the reverse mortgage industry — the “sandwich generation” — in recognition of the growing importance that caregiving for older relatives will have as the global population

The recent Palisades and Eaton fires in Los Angeles have eradicated thousands of residential properties, leaving both physical and financial damage to Southern California’s housing market. Real estate technology company Homes.com analyzed the Pacific Palisades and Altadena neighborhoods in order to

Rising mortgage rates that are now above 7% have continued in January. But there may be some improvement on the horizon as newly listed home inventory grew 37.5% from December, according to a Realtor.com report released Thursday — and certain cities and regions are moving much faster than others.Whe

Back in control of the House of Representatives, the Senate and the White House, Republicans are reportedly aiming to renew their ongoing war against the Consumer Financial Protection Bureau (CFPB) by targeting the money allocated to it by the Federal Reserve, which would effectively reduce the agen

In this week’s episode of the Power House podcast, host and HousingWire President Diego Sanchez chats with Tom Davis, chief sales officer at Deephaven Mortgage. In this conversation, the duo explore niche lending, second lien product opportunities and demand for non-QM. Deephaven’s focus on non-QM l

In one week, a deadline will arrive for federal workers to accept what appears to be a “buyout” if they choose to resign. The offer, which came in an email to federal workers from the government’s Office of Personnel Management (OPM), said that federal employees who resign by Feb. 6 can be paid thro

While many real estate brokerages have made the choice to settle the commission lawsuits — including Side and JPAR just this week — others are still attempting to fight. On Monday, several high profile real estate firms such as Berkshire Hathaway Energy (BHE) — the parent company of HomeServices of

Pending home sales ended the year on a down note, according to data published on Thursday by the National Association of Realtors (NAR). Compared to a month prior, contract signings fell 5.5% in December, with the Pending Home Sales Index coming in at a reading of 74.4. An index reading of 100 is eq

The Mortgage Bankers Association (MBA) approves of Donald Trump’s nominee for director of the Federal Housing Finance Agency (FHFA).In a letter addressed to the Senate Committee on Banking, Housing and Urban Affairs, the MBA gave a strong endorsement of Bill Pulte to lead the FHFA. In that role, Pul

It’s been a while since there were any substantive updates to the lawsuit playing out between Texas Capital Bank (TCB), the U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae over a dispute involving Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS).A judge has appro

The use of artificial intelligence (AI) is becoming the new norm for many real estate agents and brokerages. Real estate technology provider Delta Media released a new report that highlights a sharp jump in AI usage from last year.Delta’s annual real estate leadership survey explores insights from b

A securitization of private reverse mortgages originated by Reverse Mortgage Funding (RMF) will require additional review due to the lender’s 2022 bankruptcy, according to a statement on the securitization issued by credit rating agency KBRA.“RMF Proprietary Issuance Trust 2019-1 (RPIT 2019-1),” whi

Sen. Tim Scott (R-S.C.), the chairman of the Senate Committee on Banking, Housing and Urban Affairs, recently told a group of reporters that news about changes at the Consumer Financial Protection Bureau (CFPB) under the Trump administration could be imminent.The news was first reported by American

The real estate industry is facing yet another copycat commission lawsuit. But unlike previous cases, this one appears to have simply been a vessel to facilitate nationwide settlement agreements. Filed on Monday in Missouri, the lawsuit’s lead plaintiff is Jeremy Keel, but other named plaintiffs inc

The Federal Reserve didn’t raise or cut interest rates today, but the meeting highlighted something I have been emphasizing since 2022: the Fed is shaping its policy around the labor market more than inflation. Both times when mortgage rates fell without Fed rate cuts (in late 2022-early 2023 and in