PennyMac, the top dog in correspondent, says its broker business is booming
PennyMac said that over 5,100 brokers are approved to do business with the lender, up 19% year over year.
PennyMac
Auto Added by WPeMatico
House passes bill to give VA borrowers a partial mortgage claim option
The House passed a bill by voice vote, with begrudging bipartisan support, that offers veterans a partial claim option for VA home loans.
The nation’s largest mortgage lenders are only getting bigger
Inside Mortgage Finance (IMF) data for the first quarter of 2025 was released this week. The numbers show little movement in the composition of the top 10 originators, but there is significant volatility in sales volumes on both a quarterly and yearly basis.
Pennymac’s profits shrink, but its servicing portfolio now stands at a massive $680B
Pennymac reported lower revenue and earnings in Q1 2025, but it still has one of the largest servicing portfolios in the country.