Industry mourns death of PennyMac’s Stanford Kurland

PennyMac Mortgage Investment Trust announced that company founder and Non-Executive Chairman Stanford Kurland died at age 68 due to complications from COVID-19. Kurland had also been battling brain cancer. The company and industry leaders alike mourned his passing, calling him an “esteemed industry leader, visionary and friend.” “I am deeply saddened to share the news…

Home prices surge to six-year high in November

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., as prices in November rose 9.5% nationally over the same time last year, according to the S&P CoreLogic Case-Shiller index. November’s numbers mark the greatest annual growth rate since February 2014 and even blew past the 8.4% gains seen in…

*HOT* HearthSong Swings 50% Off!!

January 26, 2021 | Meg Add to my favorites This post may contain affiliate links. Read my disclosure policy here. This is an amazing deal on HearthSong Swings!! RUN to get 50% off HearthSong Swings today! This is a super rare discount and they’ll sell out really FAST. Prices start as low as $49.49, and…

Forbearances hold steady as exits slow

The U.S. forbearance rate held relatively steady last week, rising one basis point to 5.38% of servicers’ portfolio volume, according to a survey from the Mortgage Bankers Association released on Monday. The virtually unchanged rate of forbearance volume can be attributed to a stalemate between steady declines in almost every investor class and a whopping 26 basis point jump in…

CDC Director: ‘I can’t tell you how much vaccine we have and, if I can’t tell it to you, then I can’t tell it to the governors’

“ ‘The fact that we don’t know today — five days into this administration and weeks into planning — how much vaccine we have, just gives you a sense of the challenges we’ve been left with.’ ” — Rochelle Walensky, the new director of the Centers for Disease Control and Prevention Rochelle Walensky, the new…