Pennymac Financial Services is the latest mortgage company to issue debt in a challenging housing market. The California-based company announced on Wednesday it intends to offer a $650 million aggregate principal amount of senior notes due in 2029. “Proceeds from the offering will be used to repay a

Vetted by HousingWire  |  Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.As we edge towards 2024, the real estate landscape buzzes with both opportunities and uncertainties. With home prices expected to hold steady and even grow i

The Community Home Lenders of America (CHLA) submitted a letter to the Federal Housing Finance Agency (FHFA) expressing its support for the use of attorney opinion letters (AOLs) on Wednesday.In the letter addressed to FHFA Director Sandra Thompson, the CHLA says that it supports the use of AOLs in

In September 2022, the 30-year fixed mortgage rate averaged 6.1%, according to Freddie Mac data. Fast-forward one year, and the rate averaged 7.2%, an expensive difference for many homebuyers (rates have since started to drop).But compare mortgage delinquencies over the same period: 2.8% in Septembe