Industry mourns death of PennyMac’s Stanford Kurland

PennyMac Mortgage Investment Trust announced that company founder and Non-Executive Chairman Stanford Kurland died at age 68 due to complications from COVID-19. Kurland had also been battling brain cancer. The company and industry leaders alike mourned his passing, calling him an “esteemed industry leader, visionary … Continue readingIndustry mourns death of PennyMac’s Stanford Kurland

Industry mourns death of PennyMac’s Stanford Kurland

PennyMac Mortgage Investment Trust announced that company founder and Non-Executive Chairman Stanford Kurland died at age 68 due to complications from COVID-19. Kurland had also been battling brain cancer. The company and industry leaders alike mourned his passing, calling him an “esteemed industry leader, visionary … Continue readingIndustry mourns death of PennyMac’s Stanford Kurland

Home prices surge to six-year high in November

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., as prices in November rose 9.5% nationally over the same time last year, according to the S&P CoreLogic Case-Shiller index. November’s numbers mark the greatest annual growth rate since February … Continue readingHome prices surge to six-year high in November

Home prices surge to six-year high in November

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., as prices in November rose 9.5% nationally over the same time last year, according to the S&P CoreLogic Case-Shiller index. November’s numbers mark the greatest annual growth rate since February … Continue readingHome prices surge to six-year high in November

What 2020’s top forbearance exit trends mean for servicers

Early COVID housing policy helped servicers care for homeowners in these first nine months of the pandemic with fast forbearances and smart deferrals. Now let’s preview how this will play out for servicers, homeowners and the housing economy in 2021. We’ll begin with the top … Continue readingWhat 2020’s top forbearance exit trends mean for servicers

What 2020’s top forbearance exit trends mean for servicers

Early COVID housing policy helped servicers care for homeowners in these first nine months of the pandemic with fast forbearances and smart deferrals. Now let’s preview how this will play out for servicers, homeowners and the housing economy in 2021. We’ll begin with the top … Continue readingWhat 2020’s top forbearance exit trends mean for servicers

Florida community bank launches mortgage arm

Amerant Bank, one of the largest community banks in Florida, announced that it is venturing into the mortgage industry with the formation of Amerant Mortgage. The company said this expansion was a direct response to the state’s growing demand for residential mortgages. At the end … Continue readingFlorida community bank launches mortgage arm

Housing industry reacts to Yellen’s confirmation

Industry officials were quick to signal their support for yesterday’s historic U.S. Treasury Secretary confirmation of Janet Yellen, the 74-year-old who now holds the distinction of being the first female to hold the position in its 230-year history. After a unanimous 26-0 vote from the … Continue readingHousing industry reacts to Yellen’s confirmation

Housing industry reacts to Yellen’s confirmation

Industry officials were quick to signal their support for yesterday’s historic U.S. Treasury Secretary confirmation of Janet Yellen, the 74-year-old who now holds the distinction of being the first female to hold the position in its 230-year history. After a unanimous 26-0 vote from the … Continue readingHousing industry reacts to Yellen’s confirmation