The hidden housing multiplier: Why one better buyer match can unlock the next listing
Everyone agrees that housing has a supply problem. But the industry measures supply mainly by counting units and listings, while nearly everyone surrounding a housing transaction earns revenue from movement: applications, showings, contracts, loans, inspections, appraisals, title orders and closings
Pennymac results didn't meet management's expectations
Earlier in the day, the company confirmed it made staffing reductions as it aligns its cost structure with its technology investments to help operations.
Pennymac profit drops in Q2 as rates bite, layoffs follow
PennyMac Financial Services on Wednesday reported second-quarter 2026 net income of $22 million, down 84% from a year earlier and sharply lower than its first-quarter net income of $82.3 million, as higher interest rates reduced mortgage production volume and weighed on profitability. The company’s
Pamela Heman
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