Rithm continues to post strong earnings, but officials at the REIT are frustrated by how the market treats its stock. It also has a SPAC-in-waiting and a mortgage company it would like to spin off.

PennyMac Financial's CEO David Spector saw his compensation rise 45.9%.

The company said that despite recent volatility caused by tariffs, it will continue to make additional loan purchases.

Steve Harris, president of MIAC Analytics, noted that plenty of investors are interested in non-QMs, helping to keep prices elevated.

Non-QM deals were on a bit of a tear until the tariff war cratered the market in mid-April. But all has returned to normal.

A few years back mortgage giant UWM had no desire to process its own loans, opting instead to use subservicers. But those days are gone.

Mortgage CEO pay increased at many shops last year but the devil is in the details. Some executives took home mostly cash while others received mostly stock awards.

UWM presently uses two subservicing vendors to handle its monthly processing chores: Cenlar FSB and Mr. Cooper, the latter of which is being sold to Rocket.

Just $1.03 million of Ishbia’s pay was in the form of stock awards.