The financial services unit also made a categorization change that revised comparisons to prior periods and will be working with its REIT affiliate in new ways. https://www.nationalmortgagenews.com/news/pennymac-financial-services-profit-cut-by-hedging-losses
NextGenMortgage
CFPB sues Experian for mishandling credit report errors
Experian said it has gone "above and beyond the law" to investigate consumer disputes related to the accuracy of information. https://www.nationalmortgagenews.com/news/experian-sued-by-cfpb-for-mishandling-of-credit-report-errors
Distressed auction market outlook shifted with election
Sales rates, as well as bid-to-ask spreads at foreclosure auctions both showed signs of increasing demand from November to December, according to research. https://www.nationalmortgagenews.com/news/outlook-for-distressed-home-auctions-shifts-with-election
UWM bolsters business via debt offering, new products
The wholesale lender introduced two new products to brokers and a $800 million debt offering to drum up cash. https://www.nationalmortgagenews.com/news/uwm-bolsters-business-via-debt-offerings-products
Equifax settles complaint of coding error impacting scores
Without admitting wrongdoing, Equifax agreed to pay $725,000 because of a three-week error which lowered credit scores for 77,000 New Yorkers. https://www.nationalmortgagenews.com/news/equifax-settles-complaint-of-coding-error-impacting-scores