Economic jitters are stressing out LOs and their clients

Jordan Bernbaum has been feeling anxious these last few weeks.“On the client end, they’re seeing the news and understanding the situation pretty well,” the NEXA Mortgage senior loan officer said. “On my end, it’s a stress-inducing emotional roller coaster of always worrying when I should be locking.

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