Houlihan Lokey was PCM’s advisor on the sale.

PwC estimates that by the early 2030s, up to 38 percent of existing U.S. jobs will be susceptible to automation from robotics and artificial intelligence.

SFR transactions are expected to increase as investors rely more on leverage…

The deal was six-times oversubscribed, a positive for this young market...

PennyMac sourced 92.7 percent of its government-insured loans from correspondents…

The real story is whether more modest alternative measures will be forthcoming.

ABA stands to be an “influencer” in the debate not just because of the size of its bank membership base, but because depositories rank a close second to the Federal Reserve among the largest investors in agency securities.

Production profits suffered, but servicing and secondary market income increased…

The credit enhancement on the triple-A bonds is a hefty 34.9 percent, according to KBRA.

We also caught wind of a large servicing auction that took place last week. The broker on the transaction had not returned a media inquiry on the deal...