Pennymac is marketing a $426.5 million non-agency mortgage-backed security stocked with investment-property mortgages eligible for sale to the government-sponsored enterprises.

Pennymac was the top issuer of prime non-agency MBS in the third quarter.

Carrington has acquired Reliance First Capital from Tiptree in a move to bolster its retail lending channel.

Robinhood is teaming with Sage Home Loans to offer a new mortgage product to its Robinhood Gold subscribers.

Click n' Close said new locks on USDA loans will be eligible for extensions through the end of the year.

Most servicemembers mistakenly think VA loans require a downpayment.

Rocket Mortgage, thanks to its acquisition of Mr. Cooper Group, which was completed at the beginning of October, is poised to overtake Chase as the largest firm in terms of owned servicing.

Much of the swing was tied to increases in salaries, commissions and team member benefits along with general and administrative expenses.

David Spector, chairman and CEO of Pennymac Mortgage Investment Trust, said execution in the non-agency market is currently superior to delivering the loans to the GSEs.

FHA Commissioner nominee Frank Cassidy and Ginnie Mae President nominee Joseph Gormley testified before a Senate committee Thursday.