PennyMac Financial Services Inc. (PFSI) on Tuesday reported net income of $136.5 million for Q2 2025 on revenue of $444.7 million, which executives attributed to big strides made in the broker channel and a servicing portfolio that has surpassed $700 billion UPB. During the earnings call, CEO and Chairman David Spector commented that PennyMac was experiencing “remarkable growth” in the...
The designer reveals top tricks to creating a practical yet stylish oasis—balancing her dad’s love of plants with her mom’s flair for...
The quarterly U.S. Houzz Renovation Barometer asks more than 1,000 construction and architecture and design firms on Houzz about their expected, current and recent business activity. The Q3 2025 Barometer, fielded June 14-July 1, 2025, also...
Business sentiment across the home construction and design industry has declined, marking the second consecutive quarter of reduced optimism as business activity wanes, according to the Q3 2025 U.S. Houzz Renovation Barometer. The outlook among firms is significantly lower than it was at the start...
When this Wisconsin couple settled into their 1960s Colonial-style home tucked into a quiet wooded neighborhood, they knew the existing 70-square-foot second-floor primary bathroom wasn’t going to meet their long-term needs. To achieve the spa-like en suite they envisioned, they turned...
Rutgers’ Center for Women in Business will use Nareit Foundation grant to accelerate its virtual group mentoring...
The U.S. housing market is experiencing a sharp uptick in home sale cancellations, with nearly 15% of all contracts signed in June falling through -- the highest share for any June since at least 2017, according to new data released by Redfin. Just over 57,000 pending home sales were scrapped last month, representing 14.9% of homes that went under contract. That's up from 13.9% a year ago, as elevated home...
Century Communities Inc. — one of the largest homebuilders in the U.S. — will expand into Nevada for the first time through its Century Complete brand. New homes are planned at Ishani Ridge in Pahrump, Nevada, with sales expected to begin in August and prices starting in the range of $260,000. The new development will include more than 170 single-family home sites, with floor plans ranging from...
In the wake of massive wildfires that destroyed 16,000 structures in Los Angeles County in January, hundreds of banks and mortgage companies agreed to let borrowers delay their monthly payments for 90 days, without demands for full repayment at the end of the forbearance period. Others simply pledged relief and relocation assistance. California’s state-run mortgage relief program, announced in...
The recently passed One Big Beautiful Bill Act (OBBBA) gave Americans a huge tax cut that critics say primarily benefits the wealthy. But the law contains a rare reversal from President Donald Trump on a key issue — the state and local tax (SALT) deduction. What the deduction does is all in the name. It allows taxpayers to deduct what they owe in state and local taxes from their federal income taxes....
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