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.)

PennyMac Mortgage Investment Trust started issuing non-agency MBS in November as part of an effort to boost its investments in credit-sensitive assets. The REIT is now one of the most active players in the space.

The only banks among the top 10 GSE sellers in the first half of 2025 were Chase Home Finance and AmeriHome Mortgage. (Includes two data tables.)

PennyMac Mortgage Investment Trust has been issuing about one prime non-agency MBS per month, stocking the deals with GSE-eligible mortgages for investment properties and second homes. Now the REIT is set to issue jumbo MBS.