A national shareholder rights law firm has launched an investigation into PennyMac Financial Services Inc. over potential violations of federal securities laws. Glancy Prongay Wolke & Rotter LLP, which represents investors and consumers in securities litigation, said the probe follows PennyMac’s Jan. 29 release of fourth-quarter and full-year 2025 results, which showed revenue of $538…
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HECM Mortgage-Backed Securities (HMBS) issuance totaled $563 million in January, up from $481 million in December but slightly below January 2025’s $589 million, according to New View Advisors. The month saw 72 pools issued, seven more than in December. Finance of America led issuers with $182 million, an increase of $33 million from December. Longbridge…
Union Home Mortgage (UHM) on Tuesday announced that George Dover is taking on the role of vice president of manufactured and new construction lending. Dover joins the company after 30 years in the mortgage industry, namely as Cascade Financial Services‘s president and co-founder from 1999 to 2024. He confirmed the news on his LinkedIn page…
Longbridge Financial, one of the nation’s top reverse mortgage lenders, announced Tuesday that it has deployed artificial intelligence (AI)-powered voice agents to aid its servicing clients. The AI voice agents — dubbed Mr. and Mrs. Bridges — were developed over the past several months by an outside technology partner. They are “trained specifically on reverse…