PennyMac Financial Services partnered with Vesta Innovations to adopt the firm’s loan origination system and streamline the mortgage application process in the consumer direct channel. The move includes an investment in Vesta.

PennyMac, the largest correspondent lender in the industry, will begin offering non-qualified mortgages later this month. The move could be a major boost for the sector.

FHFA established a new policy — that no GSE servicer should have a market share exceeding 20% — when it authorized Fannie and Freddie to continue doing business with the combined entity that will be formed following Rocket Companies’ planned acquisition of Mr. Cooper Group.

This is PennyMac's second prime jumbo MBS of 2025.

FHFA Director Bill Pulte announced on X that there's a new allegation of mortgage fraud against Federal Reserve Governor Lisa Cook.

Regulatory approval of the merged company creates the second-largest GSE seller and by far the largest GSE servicer.

Single-family mortgage securitization by the GSEs declined by 9.7% on a monthly basis in July, with refinance business down sharply. (Includes two data tables.)

Issuance of prime non-agency mortgage-backed securities reached $11.0 billion during the second quarter of 2025, a 6.5% increase from the first quarter. Some $7.95 billion were jumbo mortgages. (Includes three data tables.)

PennyMac continues to push ahead with non-agency MBS issuance despite volatility during the second quarter.

Although total GSE servicing remained almost unchanged as of the end of the second quarter, some large servicers — mostly nonbanks — experienced disproportionate year-over-year gains in volume. (Includes two data tables.)