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Peeking into Pennymac’s ‘aggressive’ goal to double broker market share by 2026
Despite a dip in profits, PennyMac is betting on aggressive hiring, tech investments and its servicing portfolio to grow its broker business.
LENDEM Solutions hires Krish Dhokia as CMO
Dhokia was named a 2023 HousingWire Marketing Leader during his time at California-based Kind Lending, a top 50 U.S. lender.
MoxiWorks taps finance veteran Chris Choi as CFO
The move cements a role that had been filled on an interim basis and follows a recent capital fundraising effort aimed at fueling long-term growth.
Federal Reserve’s ‘tapering’ plan will open up space in the secondary market
Economists believe the Federal Reserve will soon begin to reduce its MBS purchases. That means Fannie Mae and Freddie Mac will need to find new buyers. HW+ Premium Content
Wells Fargo reports lower origination volume in Q3
Wells Fargo’s retail business in Q3 came in at $32.5 billion in originations, while the correspondent channel produced $16.7 billion worth of mortgages. HW+ Premium Content.
Fannie Mae’s sales of reperforming loans are on the rise
Fannie Mae this year has put to market some 100,000 reperforming loans across five offerings with an aggregate UPB of $14.5 billion. And its strategy is quite different than that of Freddie Mac. HW+ Premium Content
