PennyMac Posts Solid Q2 Results Amid Market Volatility
Diversified business model, rising production volumes, and large servicing portfolio propel the company to profitability.
Diversified business model, rising production volumes, and large servicing portfolio propel the company to profitability.
Following a significant dip, 30-year and 15-year fixed mortgage rates see a minor increase.
After a two-year journey, digital homeownership firm advances in its plan to go public.
However, originations and economy should improve starting in 2024.
The typical monthly mortgage payment declined to $2,599.
49% of homes were deemed equity rich.
The national median mortgage payment drops marginally and affordability was flat.
CoreLogic report attributes healthy mortgage performance to strong job market.
Concerns rise over impact on housing sector and potential economic downturn