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In a high-rate environment, Pennymac Financial Services delivered profits in 2023, mainly due to the performance of its servicing portfolio. 

Although he is correct less than half the time, groundhog Punxsutawney Phil didn’t see his shadow this morning, meaning an early spring is likely. At the other end of the “cute spectrum,” Elon Musk is increasing his control of the roads with Tesla, in internet communications with his Starlink satellites, access to outer space via SpaceX, and now… people’s brains through neural implants. It appears that we’re living in a science fiction novel… and we know how those typically end. Yes, his compensation made headlines this week, but he’s obv...

Fairway, the nation’s ninth-largest mortgage originator, announced that it will close its wholesale channel and pivot entirely to retail.

Recognition is nice, he says, but the real reward is in the work

If you’re in Chicago, the newest attraction is “the rat hole.” Here in Denver, besides the cat I saw in the airport yesterday being walked on a leash, one attraction is the National Ice Core Lab, where, you guessed it, ice sample cores from all over the world are kept for research purposes at temperatures even colder than those outside. It is around this time of year when plenty of people think about vacations or moving to warmer places… Like Phuket in Thailand. In 2023 it saw 6.24 million airport arrivals, up 88 percent from 2022, and the real estate market is boom...