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

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

Mortgage rates settle down after wild ride

Since President Trump’s Liberation Day on April 2, mortgage rates, the 10-year yield and mortgage spreads have been on a wild ride. It’s been so wild that the low end of my 2025 10-year yield forecast range of 4.70-3.80% for 2025 was almost officially met. However, last week, mortgage rates and the

Compass files an antitrust suit against NWMLS over its CCP

The other shoe has finally dropped. After weeks of back and forth online, Compass filed an federal antitrust lawsuit in U.S. District Court in Seattle against Northwest MLS (NWMLS) over NWMLS’s Clear Cooperation Policy (CCP) on Friday.NWMLS is a broker-owned MLS, rather than owned by the Realtor ass