Sub-Servicer News; Upcoming Training; State-Level Changes


Posted To: Pipeline Press

Gotta hand it to Vancouver. The city has gained a reputation as a place for foreign buyers – primarily Chinese – to buy housing and park their money…even if they don’t intend on living there. Now foreign buyers will face an additional 15% property transfer tax beginning this week. The Wall Street Journal reports that, “The benchmark price for a detached Vancouver home increased 39% to nearly $1.2 million in June from a year earlier.” What kind of lesson does that teach first-time home buyers? What do they know that we don’t? BlackRock Fund Advisors lowered its stake in PennyMac Mortgage Investment Trust (NYSE:PMT) by 4.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,561,656 shares of the company’s stock after selling 105,861 shares during…(read more)

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