TOP STORYMortgage
By Don Baker | October 30, 2026
Pennymac’s President to Retire as the Lender Sells $29 Billion of Servicing Rights
Doug Jones will retire in June, Kevin Ryan becomes CFO Jan. 1, and Pennymac plans $160 million in cost cuts after its production unit slipped to a third-quarter loss.
By Don Baker | October 30, 2026
Commercial Real Estate
Arbor Realty Trust Suspends Its Dividend After an $85 Million Third-Quarter Loss
LATEST NEWS
Pennymac’s President to Retire as the Lender Sells $29 Billion of Servicing Rights
California Affordability Holds at 19% as a 2.3% Price Dip Offsets Higher Mortgage Rates
Arbor Realty Trust Suspends Its Dividend After an $85 Million Third-Quarter Loss
Digital Realty Signs a Record $855 Million of Data Center Leases and Buys Land for Gigawatt Campuses
Invitation Homes Adds a $500 Million Buyback, Funded by Selling Rental Houses at About $460,000 Each
RealtyWire Top 5
Featured Top 5 home sales from markets across the U.S.
Manhattan, New York Top 5 Home Sales: Lenox Hill, Carnegie Hill and Tribeca Lead the Week
Los Angeles–Westside, California Top 5 Home Sales: Bel Air Home Leads at $21.3 Million
Washington, District of Columbia Top 5 Home Sales: A Dupont Circle Mansion Leads a $27.55 Million Week
Aspen-Snowmass & Roaring Fork Area, Colorado Top 5 Home Sales: $17 Million Ski-In, Ski-Out Home in Snowmass Village Leads Four New Basalt Condominiums
South Jersey Shore (New Jersey) Top 5 Home Sales: Avalon Takes Four Spots, Led by a $14.9 Million Sale
Housing Market
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Home Prices Rose in 78% of Metros in the Third Quarter as the Median Reached $432,900, NAR Says
D.R. Horton Guides to Fewer Closings in Fiscal 2027 as Fourth-Quarter Orders Fall 7%
Mortgage
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Fed Holds Rates at 3.75%-4% as Cook and Hammack Dissent in Favor of Another Hike
Fannie Mae Earns $4.2 Billion but More Than Doubles Its Credit Provision as Apartment Loans Weaken
Agents & Brokerages
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Keller Williams, eXp Parent, HomeServices and Real REMAX Form 'Open Real Estate' to Share Listing Data Nationally
Six MLSs, Including Arizona's ARMLS and Denver's REcolorado, Sue Compass to Defend Listing Rules
Commercial Real Estate
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ACORE Capital Raises $1.1 Billion for Its Second Opportunistic Real Estate Credit Fund
JLL's U.S. Leasing Revenue Jumps 39% as Q3 EPS Hits $6.85 and It Plans a $500 Million Buyback
Technology & AI
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CoStar to Buy Aerial Imagery Firm Vexcel for $730 Million as Quarterly Revenue Hits a Record $952 Million
Bedrock Robotics Raises $600 Million at a $4.1 Billion Valuation to Scale Autonomous Excavators
Markets to Watch
View all markets →HartfordConnecticut
Tight & affordableLow inventory and steady demand keep sellers firmly in control.
View Market →San JoseCalifornia
Top-of-market bellwetherHigh prices and tech-driven demand set the pace for the luxury tier.
View Market →Miami BeachFlorida
Luxury resilienceCash and second-home buyers keep this coastal market strong despite high rates.
View Market →Most Read
- Freddie Mac Earns $3.2 Billion as Its Rate Outlook Lifts Loss Reserves; 30-Year Rate Dips to 7.24%
- Zillow to Pay $212.5 Million to Settle Investor Class Action Over Zillow Offers
- ACORE Capital Raises $1.1 Billion for Its Second Opportunistic Real Estate Credit Fund
- Zillow Home Loans Will Cover the Full 3.5% FHA Down Payment With a Forgivable Second Loan
- Dallas-Fort Worth Tops ULI-PwC Markets List Again as San Francisco Jumps 40 Spots to Fifth
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