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Sunday, 7 March 2021 | The Latest Buzz for the Appraisal Industry

PennyMac posts strong profits in Q4 despite MSR losses

PennyMac, the nation’s largest mortgage aggregator, posted net profits of $452.8 million in the fourth quarter of 2020. In all, the nonbank brought in $1…

Housing Wire February 4, 2021

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What to do about the appraiser shortage March 5, 2021
Overcoming the current appraiser shortage is the first hurdle in restocking the shallow field. But compounding the problem is a lack of appraisers entering the profession. The post What to do about the appraiser shortage appeared first on HousingWire.
Tim Glaze
Mat Ishbia outlines UWM purchase strategy March 5, 2021
One of UWM's long-term plays is holding onto mortgage servicing rights. Ishbia said UWM finished 2020 with about $185-190 billion in MSRs , and said he expects UWM will grow that to about $300 billion this year. The post Mat Ishbia outlines UWM purchase strategy appeared first on HousingWire.
Sarah Wheeler
Employment gains small but mighty in February March 5, 2021
For the fourth month in a row the U.S. unemployment situation was left virtually unchanged, dropping to 6.2% in February, the U.S. Labor Department said. The post Employment gains small but mighty in February appeared first on HousingWire.
Alex Roha
CoStar drops bid for CoreLogic citing market volatility March 5, 2021
CoStar announced it is withdrawing its bid for CoreLogic after the data giant rejected CoStar's amended offer from its original $6.9B to about $6.6B. The post CoStar drops bid for CoreLogic citing market volatility appeared first on HousingWire.
Alex Roha
Mike Cagney eyes Walmart’s potential move into mortgage March 5, 2021
Figure Technologies' Mike Cagney said when it comes to watching out for non-endemic players impacting the real estate market, he has his eye on Walmart. The post Mike Cagney eyes Walmart’s potential move into mortgage appeared first on HousingWire.
FinLedger

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PennyMac posts strong profits in Q4 despite MSR losses

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