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.
Servicing
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After the Bayview deal, what’s the refi strategy for Guild Mortgage?
Guild LOs said they have yet to receive any guidance on how the two platforms would collaborate after the deal closes.
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.
CFPB seeks rescission of pandemic-era mortgage servicing rule
The CFPB says the rule it’s seeking to rescind is no longer necessary due to the end of the COVID-19 national emergency.
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.
The 29 mortgage servicers that received top marks from Fannie Mae
Fannie Mae on Tuesday announced the results of its 2024 Servicer Total Achievement and Rewards (STAR) program, recognizing 29 mortgage servicers for “competency, capability, and overall performance.”
With Ginnie Mae under fire, concern about market disruption is growing
Ginnie Mae is a target of DOGE, but housing companies are pushing back according to reporting from Bloomberg.
Mortgage servicing executives grapple with tech stack questions
Servicing companies that don’t embrace new technology will see the existing gap grow to a chasm. But finding the right vendor isn’t easy.
Mr. Cooper agreed to a $5.8 million settlement. Who is eligible for relief?
Nationstar Mortgage — currently doing business as Mr. Cooper — has agreed to settle a lawsuit which alleges that the company violated mortgage servicing laws and forced borrowers into foreclosure.
Jason Cave joins Mr. Cooper team as SVP for Government Affairs
Cave previously held various leadership roles at the Federal Housing Finance Agency and Federal Deposit Insurance Corporation.