Alanna McCargo leaves FHLBank leadership to assume policy role

Alanna McCargo, the most recent Senate-confirmed president of Ginnie Mae who departed last year to become president and CEO of the Federal Home Loan Bank (FHLBank) of San Francisco, has left the bank’s leadership team to assume a new policy position working with the chair of the board of directors.J

Evergreen Home Loans expands to five Southeast states

Evergreen Home Loans, which is based in Washington state and has a presence in seven Western states, announced a major expansion of its footprint on Friday. The company has also hired John Porath as its new regional manager to oversee business in Florida, Georgia, North Carolina, South Carolina and

PennyMac’s 2024 performance driven by strong servicing portfolio

PennyMac Financial Services Inc. reported Thursday that it earned $104.5 million in net income during the fourth quarter of 2024 on revenue of $470.1 million. It’s an about-face for PennyMac after it posted a net loss of $36.8 million in Q4 2023.For 2024 as a whole, the California-based lender earne