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-0.00040306328093517 -0.000806126561870196 -0.00161225312374054 -0.00161225312374054 -0.00201531640467556 -0.00403063280935113 -0.00564288593309152 -0.00322450624748093
Stock impact report

Proposed US Rule Could Change How You Shop for a Mortgage — Here's How [Yahoo! Finance]

PennyMac Mortgage Investment Trust Common Shares of Beneficial Interest (PMT) 
Last pennymac mortgage investment trust common shares of beneficial interest earnings: 2/6 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.pennymacfinancial.com
Company Research Source: Yahoo! Finance
If you've applied for a mortgage in the past few years, chances are you didn't get it from a traditional bank. Instead, you may have worked with a non-bank lender like Rocket Mortgage, New American Funding, or Pennymac. This is a result of regulations that quietly pushed banks out of the mortgage market over the past decade. Now, a proposed regulatory change could bring banks back into the mortgage market and potentially change how you shop for a home loan Why Banks Stepped Back From Originating and Servicing Mortgages Many banks stopped originating and servicing mortgages after the 2008 financial crisis due to the new rules that made it more expensive for them to offer home loans. Back then, banks originated roughly 60% of mortgages and serviced about 95% of mortgage balances. As of 2023, those numbers have dropped significantly to 35% and 45%, respectively. This is the reason why nonbank lenders are dominating the market and borrowers now have fewer options than they may re Show less Read more
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