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.

Pennymac is issuing a non-agency MBS with owner-occupied loans that are eligible for sale to the government-sponsored enterprises.

Redwood Trust reported a loss of $7.7 million for the third quarter of 2025.

Nonbank mortgage companies looking to survive a tough originations environment must double down on independence, form strategic alliances or cash out through mergers or acquisitions, according to Stratmor.

Securitize could become a public company through a merger with Cantor Equity Partners II, a blank-check company, in a combination valued at $1 billion.

Pennymac sold MSR with an unpaid principal balance of $12.0 billion; Freddie Mac sold delinquent non-performing residential first liens; CSBS and MISMO open registration for MCS Tech Sprint event; Canceled home-purchase agreements reached 15% in September.

While issuance is booming, some firms pulled back during the third quarter.

Archwest, which lends in 44 states, plans to exceed $2 billion in cumulative production by yearend...

Issuance in the first nine months of the year was up nearly 90% compared with the first nine months of 2024. (Includes three data tables.)

Fitch Ratings revised its rating outlook for Select Portfolio Servicing from negative to stable, citing a new owner for the nonprime servicer and other factors.