Rising mortgage rates hit Fidelity earnings – Jacksonville Daily Record
Rising mortgage rates hit Fidelity earnings Jacksonville Daily Record
Rising mortgage rates hit Fidelity earnings Jacksonville Daily Record
Title segment pretax income at Old Republic was down 67% in the fourth quarter, and by 40% for the full year as management guided to a stronger focus on the commercial business on its parent company’s earnings call. “While increasing mortgage rates, refinance decline and a softening housing market impacted our residential activity, our commercial … [Read more…]
Mr. Cooper reviewed nearly 300 MSR deals the company was offered over the last two years, CEO Jay Bray said. They ended up winning 23% of what they bid on.
The California-based Pennymac Financial Services executives rightsized the company and invested in its servicing portfolio in 2022.