Industry news from Dark Matter Technologies, PennyMac, Cornerstone Capital Bank, Optimal Blue, Click n’ Close and Citywide Home Mortgage.
Tag: PennyMac
Industry Briefs Feb. 4, 2022: RMBS Non-Prime Mods Surge as Forbearances Expire
Fitch Ratings, New York, said non-prime loan modifications surged as forbearance plans expire across the sector.
Industry Briefs Sept. 24, 2021: CFPB Says Renters at Risk as COVID Safety Net Ends
The Consumer Financial Protection Bureau released a report warning that millions of renters and their families may suffer previously avoided economic harms of the COVID-19 pandemic as federal and state relief programs end.
PennyMac Founder Stanford Kurland Passes Away
Stanford Kurland, who founded and served as Chairman of PennyMac Financial Services Inc., Westlake Village, Calif., following a multi-decade career at Countrywide Financial Corp., passed away on Jan. 25.
Ginnie Mae Approves Private Market Servicer Liquidity Facility
Ginnie Mae, Washington, D.C., yesterday announced it approved inclusion of a servicing advance financing facility under its Acknowledgment Agreement program.