Pennymac’s profits shrink, but its servicing portfolio now stands at a massive $680B

PennyMac Financial Services Inc. (PFSI) on Tuesday reported net income of $76.3 million for the first quarter of 2025 after it posted revenue of $430.9 million.These numbers were down from the previous quarter’s figures of $104.5 million and $470.1 million, respectively.The California-based lender’s

FOA debuts new marketing campaign tying home equity to life’s ‘next chapter’

As it aims to appeal to potential clients who may be taking a closer look at tapping into home equity, reverse mortgage lender Finance of America (FOA) has debuted a new marketing campaign in concert with its new creative agency to illustrate the lifestyle impacts of its products.The campaign, calle

Baby boomers and millennials are playing a housing crisis blame game

When assessing the landscape of housing affordability today, conversations between members of the millennial and baby boomer generations can often devolve into finger pointing over which of them is to “blame” for the high costs of housing.New survey data from Clever Real Estate indicates that while