New home sales at the onset of the spring selling season were higher than a year ago, but homebuilders continued to ramp up incentives and price discounts to maintain sales activity. As a result, new home prices fell to their lowest point in nearly five years during March. There were countless headlines over the past…
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PennyMac Financial Services reported first-quarter net income of $82.3 million, or $1.53 per diluted share, as stronger mortgage production helped offset weaker servicing results tied to mortgage servicing rights valuation changes and hedging losses. The Westlake Village, California-based mortgage lender and servicer posted adjusted net income of $117.7 million, or $2.19 per diluted share, for…
As part of HousingWire’s Editor’s Choice awards spotlight series, we’re spotlighting past Women of Influence honorees whose careers, leadership and insights continue to influence the industry. This series offers a closer look at the experiences and decisions that have shaped their paths. HousingWire reached out to Donna Schmidt, President and CEO of DLS Servicing and…
Sharif Hatab moved his Team Sharif Sells operation to eXp Realty from Berkshire Hathaway HomeServices FOX & ROACH, Realtors and merged with Peter Boutros’ Stunning NJ Homes to launch the Unify Real Estate Team in New Jersey, the company announced on Tuesday. eXp Realty, the cloud-based brokerage subsidiary of eXp World Holdings, said the move…