The government shutdown is the topic of the day in many places, including a thread on the Mortgage Grapevine.
ConservativeMe writes, “They shut down because we are out of money but we can afford to print signs saying the place is closed because of the shutdown. The regular closed’ sign wouldn't work?”
To see the responses of fellow Grapevine posters, go to
Finance of America's earnings per share came out to $1.10, double that of the first quarter of 2025 and well above the a S&P Capital IQ Pro consensus estimate of $0.84.
PennyMac Financial Services reported $82.3 million net income, inclusive of a $44 million net reduction related to servicing fair value and hedge losses.
The lender and servicer, which continues to make investments ahead of a future high-demand cycle, has reported tumbling margins in the past year.
Credibly will bring its SMB loans and revenue-based financing products to Figure's Democratized Prime platform, Figure said in a press release.
Federal Reserve Gov. Michael Barr said Tuesday that the U.S. energy sector is more insulated from shocks than Europe's, particularly in natural gas prices. However, he warned that the war is pushing up gasoline prices, which could spill over into other parts of the economy.
Economic uncertainty weighed on risk appetite, but the current performance of the non-QM market is "durable," Angel Oak leaders said in an earnings call.
