Scaling from Freelancer to Business Owner

Hale Capital Management purchased Voxtur Analytics after a tumultuous past few years that included financial struggles, and rebranded it as Apex Analytics. View the full article

Pending sales of US existing homes unexpectedly rose in February for the first time in three months as buyers took advantage of lower mortgage rates and slower price growth. View the full article

For the four weeks ended March 2, pending sales were down 6.4% annually as prices continued to rise, pushing borrower monthly payments near their all-time high. View the full article

Pending sales of existing US homes slumped to a record low in January as severe winter weather slowed activity and consumers balked at high prices and mortgage rates ahead of the vital spring selling season. View the full article

An index of contract signings fell 0.8% last month to the lowest level in data from 2001, following a revised 7.4% decline in December, according to National Association of Realtors figures released Thursday. View the full article

Pending sales of US existing homes rose in August to the highest level in five months, as falling mortgage rates gave a much-needed lift to the sluggish housing market. View the full article

An index of contract signings held at 74.8 after climbing a revised 4.2% a month earlier to the highest level since March, according to National Association of Realtors data released Wednesday. View the full article

Pending sales of previously owned US homes rose in March by the most in more than a year as a brief dip in mortgage rates and a rising supply of houses brought out spring shoppers. View the full article

Contract signings fell 5.5% to 74.2 in December, according to a National Association of Realtors index released Thursday. View the full article

An index of contract signings decreased 9.3% to 71.8 last month, according to data released Wednesday by the National Association of Realtors.

The partnership centers on a master purchase agreement for a portfolio of mortgage servicing rights that the real estate investment trust is buying. View the full article

David Spector, the firm's CEO, touted Pennymac's technology, consistency and support for the broker channel. View the full article

The company's servicing valuations fell but by less than in previous quarters. Lower rates both aided production and created recapture opportunities. View the full article

A North Carolina homeowner says the large servicer's $6.75 fee for borrowers to make mortgage payments with a debit card violates a state debt collection law. View the full article

Chairman and CEO David Spector, in weighing Rocket Cos.' purchase of Mr. Cooper, suggested Pennymac's balanced business model couldn't be duplicated. View the full article

The multimillion-dollar acquisition boosts PennyMac Financial Services' total portfolio above $1 trillion and adds to a wave of industry consolidation. View the full article

Onity adds former Meta exec as director, Click n' Close taps industry veteran as president while banks and credit unions boost their mortgage teams. View the full article

Analysts estimate Pennymac, Rocket, UWM and Loandepot will post an improved earnings per share and total loan origination volume than the same time a year prior. View the full article

The move extends the technology company beyond origination functions by pairing it with a former Mortgage Builder platform its parent company also owns. View the full article

A joint venture between the military-focused Palantir and investment conglomerate TWG will sell cybersecurity protection to financial institutions that are wary about the safety of artificial intelligence. View the full article

The rollout comes as the company looks to build out offerings for originators, launching after PHH returned to the proprietary reverse-mortgage arena this year. View the full article

The US bond market is starting to get some relief, with long-maturity yields falling on Wednesday after The President indicated a willingness to strike a trade deal with China. View the full article

The merger of equals, which received a chilly reception from investors when it was announced in July, closed faster than analysts had expected. View the full article

While correspondent is still the bulk of Planet Financial's production, growth of its servicing portfolio helped the company increase retention volume. View the full article

Planet Home Lending, helped by growing recapture and distributed retail volume, did 64% more originations in the third quarter than one year prior. View the full article