article thumbnail

Wade Pfau: how market volatility could renew reverse mortgage discussions

Housing Wire

But when confronted with volatility in the markets, advisors who are more concerned with the risk of loss might start to slowly open themselves up to more conversations. While most of the broader tariffs have since been delayed by at least 90 days , theyre not all lifted and the market reacted tepidly in active trading on Thursday.

Mortgages 332
article thumbnail

Peeking into Pennymac’s ‘aggressive’ goal to double broker market share by 2026

Housing Wire

During last week’s earnings call, PennyMac Financial Services chairman and CEO David Spector said during a Q&A with investors and analysts that the company’s goals include continued growth in its broker direct channel and 10% market share by the end of 2026 a goal of more than 100% growth over the next 18 months.

Marketing 361
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How AI is helping property managers meet a challenging market

Housing Wire

Resident experience is now crucial Despite the consistently low supply of affordable housing nationwide, a surge in new rental housing in certain market s is intensifying competition, making it harder to maintain occupancy rates. To make this growth a reality, property managers need to understand the direction of the market and adapt.

article thumbnail

How Pennymac is navigating the double-edged sword of lower rates

Housing Wire

In total, loan acquisitions and originations had an unpaid principal balance (UPB) of $31.7 At the same time, our servicing portfolio — now near $650 billion in unpaid principal balance and nearly 2.6 million in Q2 2024 and $25.2 million in Q3 2023. This was a reflection of more volume rather than higher margins. As of Sept.

Principal 408
article thumbnail

NerdWallet enters the mortgage broker world with acquisition of Next Door Lending

Housing Wire

I have really enjoyed getting to know Next Door Lending’s principals, Doug [Liska] and Jonathon, through this process,” Chen said. Chen believes the acquisition “will enable us to build deep and reoccurring relationships with consumers and take more market share while improving mortgage unit economics.”

Lending 465
article thumbnail

CoreLogic: Single-family rent growth drops to four-year low

Housing Wire

“Single-family annual rent growth slowed in September to the lowest rate in over four years, and monthly rent growth posted a second month of below-seasonal trend growth, making it clear that single-family rent growth is decelerating,” Molly Boesel, CoreLogic principal economist, said in a statement.

Principal 397
article thumbnail

Mutual of Omaha’s reverse division launches broker protection program

Housing Wire

Mutual of Omaha approved brokers and principal agents will have access to five core protections, including a promise that the lender “will not solicit borrowers established within the broker network.” It will also exclude broker-network borrowers from the company’s outbound marketing campaigns.

Principal 421