Pennymac profit drops in Q2 as rates bite, layoffs follow
PennyMac Financial Services on Wednesday reported second-quarter 2026 net income of $22 million, down 84% from a year earlier and sharply lower than its first-quarter net income of $82.3 million, as higher interest rates reduced mortgage production volume and weighed on profitability. The company’s
Long County registered sex offender arrested on child molestation charges
LONG COUNTY, Ga. (WTOC) - A registered sex offender in Long County has been arrested following an investigation into child molestation allegations. The Long County Sheriff’s Office said they received a complaint regarding the allegations on Monday, July 27, 2026. A woman and her kids showed up to th
Hawks Lorie Logan and Beth Hammack run the Fed for now
Today the Federal Reserve decided not to hike rates, but the hawks have moved their chess pieces: three Fed members wanted to hike rates at this meeting, which means September is in play for the first rate hike after the cut cycle ended. However, the long end of the bond market has already done the
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