California-based nonbank mortgage lender Pennymac Financial Services posted record loan production last year, but a significant decline in net profits. Reflecting the higher rate landscape, in the last three months of 2021, the servicing segment brought more returns to the company than production. The company reported a net income of $1 billion in 2021,…Continue Reading
Freddie Mac recently announced that its credit-risk transfer (CRT) program is projecting note-issuance volume of at least $25 billion in 2022. The government-sponsored enterprise (GSE) has made its first down-payment on that projection by issuing two single-family CRT note offerings totaling $3.3 billion so far this year that are secured by reference loan pools valued…Continue Reading
Amid higher rates, lower volumes, and fiercer competition, Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. On Wednesday, the bank announced that it will consider applications for residential mortgage or home equity line of credit (HELOC) on the portal EZApply only until Feb. 11. The Spanish…Continue Reading
This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion…Continue Reading
Skating in the team event at the 2022 Winter Olympics, the United States’ Nathan Chen recorded the second-highest short program score ever with 111.71 points.After taking bronze at the past two Olympics, the U.S. is sitting in first through the first three of eight total segments in the competition.All three U.S. entries who took the ice on…Continue Reading
Two unruly passengers were ejected from a Delta flight Tuesday at a Florida airport, the airline said. Witnesses told NBC Miami that one of two passengers on board was cursing at flight attendants. Delta Flight 1582 eventually departed Fort Lauderdale-Hollywood International Airport for Atlanta, the airline said. Delta said in a statement that the flight…Continue Reading
Southwest Airlines will resume alcohol sales on most of its flights this month after nearly two years, a pause it extended last spring because of a surge in disruptive passengers.The move further heightened tension between the airline and its 16,000-member flight attendants’ union, which called the resumption of alcohol sales “unsafe and irresponsible.”The Dallas-based airline originally paused alcohol…Continue Reading
Twitter took a step Thursday toward adding a prominent new feature: a downvote button. The social media company said it was expanding a test to a worldwide selection of people who use the app after it got what it said was positive feedback from a limited experiment announced in July. “We are still in the…Continue Reading
Gregory McMichael, one of two men convicted in the killing of Ahmaud Arbery, won’t plead guilty in a federal hate crime case against him, court records filed Thursday show.Lawyers for McMichael also said in the filing that they are ready for a trial to begin Monday.Gregory McMichael and his son Travis McMichael were convicted in…Continue Reading
LOS ANGELES — A Los Angeles man is accused of extorting former “Real Housewives of Orange County” star Elizabeth Vargas and pointing a gun at her Tuesday, officials said.Ryan Matthew Geraghty, 33, is charged with six felony counts, including extortion by force and assault with a firearm, the Orange County District Attorney’s Office said Thursday.On…Continue Reading