Trump to announce new Fed chair Friday, sending the 10-year yield higher

President Donald Trump announced on Thursday evening that he will name his choice for the next Federal Reserve chair on Friday morning. At publication time, prediction sites Polymarket and Kalshi had Kevin Warsh as the frontrunner, putting his odds of being chosen at more than 85%, which sent the 10

PennyMac reports Q4 profit of $107M as origination growth offsets MSR runoff

PennyMac Financial Services reported its full-year and fourth-quarter 2025 earnings on Thursday, telling investors and analysts that higher mortgage production helped offset pressure on servicing income from increased prepayment activity. The California-based company posted a solid quarter and a str

NVR’s Q4 and the value of staying land-light in a headwinds market

A headwinds-meets-crosswinds housing market buffets homebuilding business leaders as 2026’s spring selling stretch lies just ahead. Almost in everything, everywhere and all at once, homebuilding firms are buying sales, trying not to be among those whose inventory ages on the vine. An outlying knack

RealTrends Verified ranked De Niro Team joins Brown Harris Stevens

After over two decades at Douglas Elliman, Raphael De Niro and his team are making the move to Brown Harris Stevens. The New York City-based De Niro Team, which consists of De Niro and eight other agents, closed 14 transaction sides for a total of $52.12 million in sales volume in 2024 according to