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Pennymac shakes up tech leadership

Housing Wire

Pennymac Financial Services has made changes to its technology leadership, creating a new role focused on digital innovations, the company announced on Tuesday. He had a crucial leadership role in Pennymac’s mortgage fulfillment, production business technology and servicing divisions.

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Investment property lender Kiavi closes $300M securitization 

Housing Wire

Consistent with prior transactions, investors will benefit from a two-year revolving period during which they can reinvest their principal payoffs to purchase additional newly originated loans. The deal drew significant interest from institutional investors. Barclays Capital was the sole entity responsible for structuring the deal.

Closing 285
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Homebuying has not been this affordable since May: ICE

Housing Wire

The decline in mortgage rates in November helped financially strained homebuyers, according to ICE Mortgage Technology ‘s latest Home Price Index data. of the median household income to cover the principal and interest payment on a median-priced home, down from 40.3% As a result, mortgage demand ticked up as well last month.

Principal 425
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Compass nabs Quinn & Co. Realty Group in Madison

Housing Wire

The team of three, led by principal Liz Quinn, was previously affiliated with Realty Executives. Realty Group hopes to leverage the Compass client referrals network, along with the brokerage’s strategic support and end-to-end technology platform. “Our Quinn & Co.

Principal 368
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Guild posts origination gains in Q1, declares a dividend

Housing Wire

With our strong balance sheet position, we are executing judiciously across all our capital priorities including investing in our organic growth, selectively pursuing accretive acquisitions, and enhancing technology and servicing capabilities, while also returning capital to stockholders.” Net revenue sharply increased to $231.8

Principal 291
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Kiavi closes on $350M securitization 

Housing Wire

In the context of the transaction, investors will benefit from a two-year revolving period during which they can reinvest their principal payoffs to purchase additional newly originated loans. We aim to build upon our technology and AI capabilities to further serve our customers and drive our performance as we continue to grow.”

Closing 345
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Compass cuts losses in Q3, addresses commission lawsuit threat

Housing Wire

The company also increased its agents count by 4%, reaching 14,055 principal agents in Q3. That’s a 4% year-over-year increase of 511 principal agents since Q3 2022 and a 3% increase of 422 agents compared to the second quarter of 2023.

Principal 342