How Pennymac is preparing for the forthcoming refi wavePennyMac Financial had strong earnings in Q2 2024 largely due to its servicing business which generated $88.5 million in pretax income.
Better improves loan volume by 25% but remains unprofitable in Q1Better Home & Finance Holding Co. improved mortgage production and revenues in Q1 2024 but remained unprofitable due to increasing expenses.
Bank of America mortgage origination volume jumps 66% in Q2 - HousingWireBofA reported increased mortgage and home equity loan production in Q2 2024, with a rise in mortgage-backed securities fair market value.