Mortgage application activity decelerated for the week ending Aug. 29, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 1.2% on a seasonally adjusted basis from...
The correspondent division of PennyMac Financial Services Inc. (NYSE: PFSI) is rolling out a new suite of non-qualified mortgage (non-QM) products on Sept. 22. According to the Westlake Village, California-based company, the new product types include Debt Service...
Sept. 4 will see a pair of dueling events regarding the Federal Reserve, with another attempt by the director of the Federal Housing Finance Agency (FHFA) to force the removal of Fed Gov. Lisa Cook scheduled at the same time as with a Senate confirmation hearing to...
First National Bank, the Pittsburgh-based subsidiary of FNB Corporation (NYSE: FNB), announced plans to add nearly 30 new branches to its network during the next five years. Most of the planned branches will be based in North Carolina, South Carolina and the...
MG Properties, a San Diego-headquartered real estate investment firm specializing in multifamily properties, has expanded into the Texas market with the acquisition of Ovation at Galatyn Park, a luxury apartment community located in the Dallas suburb of Richardson,...
Broadshore Capital Partners, a Los Angeles-headquartered real estate investment and advisory firm, announced that its management team led by CEO Brad Howe acquired the majority ownership interest formerly held by The Guardian Life Insurance Company of America. With...
