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Pennymac posts first-quarter profit of $39M

Housing Wire

million figure it posted during the same period last year but a significant improvement from the pretax loss of $54.2 million, up 5% from the prior quarter and up 52% year over year. billion in unpaid principal balance (UPB), down 19% on a quarterly basis and 5% below year-ago levels. million profit it posted in 2022.

Lending 421
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Pennymac delivers $145M profit in 2023 

Housing Wire

That’s despite a net loss in the last quarter of the year attributable to the resolution of a long-standing arbitration process with Black Knight regarding its servicing technology and losses in mortgage servicing rights (MSR) fair value. million in 2022, per Securities and Exchange Commission (SEC) filings.

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The Real Brokerage looks to build on 2023’s explosive growth

Housing Wire

With its supercharged growth over the past two years, it is no surprise that The Real Brokerage topped the 2024 RealTrends 500 Top Movers list for both transaction side count and sales volume. In 2023, Real recorded 48,905 sides, up 14,721 sides from 2022, and a sales volume of $21.2 billion over the prior year. billion, up $6.80

Brokerage 458
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Pennymac shakes up tech leadership

Housing Wire

Follette, who joined Pennymac 12 years ago, became the company’s senior managing director and chief mortgage operations officer in 2022. HousingWire reported in December that an arbitrator awarded Black Knight $155.2 million in damages related to a breach of contract claim in a four-year dispute between the companies.

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Compass snags two Chicago-based @properties brokers

Housing Wire

With her 20 years of experience, Hodge is one of the top-producing agents in the western suburbs of Chicago. Her sales volume was of $25,146,500 in 2022. We’re excited to bring our business to the end-to-end Compass platform and integrate AI-based processes to the benefit of our clients,” Dobbs said.

Brokerage 370
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2022 Marketing Leader honoree on the key to a successful marketing strategy

Housing Wire

The HousingWire award spotlight series highlights the individuals who have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Marketing Leaders award are now open through Friday, April 21, 2023. Nominations for the 2023 Marketing Leader award are coming to an end tomorrow, Friday, April 21.

Marketing 384
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Career insights from an HW Insiders Honoree

Housing Wire

The HousingWire award spotlight series highlights the individuals who have been previously recognized by the HW Editors’ Choice Awards. N ominations for HousingWire’s Insiders award are open now through Friday, June 23, 2023. Click here to nominate someone for the HW Insiders Award, today!

Agents 370