No other mortgage stocks came close but there were strong valuation gains from PennyMac Financial Services, up 60% for the year, and in the mortgage insurance sector.
Velocity Financial went public on Friday, a somewhat rare event for a nonbank lender and an even rarer happening for a nonprime shop. That said, are more deals on the way?
A new reading on mortgage employment from the federal government was barely positive but interviews conducted by Inside Mortgage Trends suggests that plenty of lenders need workers.
Secondary market investors, especially hedge funds and private equity firms, are bidding up the price of non-qualified mortgages. That’s good news for sellers, but can it last?
The whole loan trading business seems to be doing well these days. Tad Dahlke, who runs RAMS Mortgage Capital, said his firm marketed $25.1 billion in product last year, almost double what it did the year before...
Some of the largest home lenders reported fourth-quarter results this week and the writing is on the wall: Home lending in the final three months of the year may have eclipsed a very good third quarter.