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HMBS issuance rises to $563M in January as HECM endorsements lag

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…

PennyMac under scrutiny as stock drops 33% post-earnings

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…

NAVICA, Restb.ai partner on AI-powered MLS listings

NAVICA announced a strategic partnership with Restb.ai to deliver artificial intelligence (AI)-driven listing services directly within the NAVICA MLS platform. Through the partnership, Restb.ai’s AI solutions are embedded natively into NAVICA’s listing workflows — allowing MLS customers to deploy AI-powered automation without adding separate tools or vendors. “This partnership is about delivering practical, enterprise-grade AI…