PennyMac Financial Services has raised $850 million in debt in an oversubscribed transaction on Thursday. The California-based mortgage lender and servicer initially planned to issue $650 million.
The economic headwinds facing real estate brokerages keep piling up, and it’s taking a toll on RE/MAX.
On its first-quarter 2025 earnings call Friday morning, the company disclosed year-over-year declines in revenue, U.S. agent count and operating cash flow, leading to a net income loss of $3.2 million.
A real estate agent’s guide to fearless proactive lead generation By Tim and Julie Harris
When industry experts think about what could lead to a significant departure of loan officers and real estate agents, two main things come to mind: AI and market conditions. Although AI and market conditions will have some level of impact, a much bigger game-changer is coming to the industry. It is the rise of the educated homebuyer, which is now in its infancy but will become the new norm within the next ten years.
Roughly two weeks after HomeServices of America announced that Chris Kelly was taking over as CEO from Gino Blefari, the firm is back with more C-suite changes.
On Thursday, the firm announced the appointment of Alex Seavall to chief financial and operations officer, along with the appointment of Candace Adams as executive vice president of HomeServices of America, the role vacated by Kelly.
Florida’s housing markets were as hot as any after the COVID-19 pandemic began, but now they’re among the coldest.
Stubbornly high mortgage rates, rapidly rising inventory and macroeconomic headwinds are impacting housing markets all over the country, but Florida is notable for both how far it’s fallen and how much it’s slumping.
On Tuesday, the National Reverse Mortgage Lenders Association (NRMLA) held its first dedicated reverse mortgage industry event of the year.
The association’s Western Regional Meeting in Irvine, California, included an estimated 150 registrants from 75 companies around the country and took place in the state that often leads the nation in reverse mortgage volume.
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