PennyMac Financial Services Inc. disclosed its third-quarter 2025 earnings on Wednesday, highlighted by a profit of $181.5 million from July through September — a figure that represented 33% growth from the prior quarter and 162% growth from the same period last year. The California-based mortgage lender increased its net income during the third quarter through significant revenue growth rather by...

Mortgage rates have edged slightly lower over the past few days, hovering near year-to-date lows as markets weigh the ongoing government shutdown and await key inflation data later this week. “Rates have been fairly flat the last week and a half; the shutdown really hasn’t — at least as far as the mortgage market is concerned — had many dramatic effects,” said Adam Neft, senior vice president...

eXp Realty has announced the launch of two major artificial intelligence (AI) initiatives; Mira, a new AI-powered business assistant — and the eXp University AI Accelerator Series, an eight-week program aimed at helping agents learn to integrate AI and automation. Unveiled Tuesday at eXpCon Miami, Mira allows agents to instantly access real-time business data, navigate tools and perform tasks through...

eXp Realty has unveiled eXp Sports & Entertainment — a new division within eXp Luxury aimed at serving professional athletes, entertainers and other high-profile clients. The announcement was made Tuesday during eXpCon Miami, the brokerage’s annual real estate conference. eXp Sports & Entertainment provides agents with certification, branding tools and access to a global network designed...

CoStar Group has found itself on the defendant side of a lawsuit. On Tuesday, REcore Solutions, a vendor providing licensing services for California Regional MLS (CRMLS), as well as other MLSs across the country, filed a lawsuit against the Andy Florance-helmed firm, over alleged breach of contract.  In the lawsuit, REcore claims that CoStar and its subsidiary Homes.com have failed to pay the full...

Marky Mark’s got new digs! The Boogie Nights actor is once again packing up his family of 6, this time heading for the sunny shores of Florida. After leaving California in 2022 to relocate to Las Vegas, Nevada, Wahlberg has made nice profit selling his Vegas digs and a $17M vacant lot earmarked for a mansion — and is now snapping up property in Florida. According to Architectural Digest, Mark...

As they reached a certain age, this Newton, Massachusetts, couple decided it was time to make their 1923 Craftsman house work for them in the long term. Their bedroom suite was upstairs and their washer and dryer were in the basement — not ideal for aging in place. They hired design-build firm...

Tucked in among the hills of Provence in southern France, with long views toward the Mediterranean, this 19th century farmhouse had old bones, original features and an idyllic setting. Its interior was in reasonable shape, but when its new owner — a Brit working mostly in Nepal — took...

According to a new report from Redfin, the U.S. housing market lost more steam in September 2025, as elevated borrowing costs and growing inventories pushed seller competition to its weakest level in six years. Just 25.3% of homes sold last month went for more than their final list price, down from 28.5% a year earlier and marking the lowest share for any September since 2019. Other gauges of market heat...

Credit bureau TransUnion is pushing back against the idea of replacing the current tri-merge mortgage credit model with a single credit pull, arguing that the shift would increase systemic risk and restrict access to credit. The conclusion comes from a TransUnion study released during the Mortgage Bankers Association (MBA)’s Annual Convention and Expo, as the trade group has expressed interest in...