VantageScore said adding positive rent reporting as an input it its scoring model would help nearly four million renters achieve a VantageScore of at least 620.
Much of the shift in income was due to unrealized gains on portfolios of loans and pieces for non-agency mortgage-backed securities due to spread tightening.
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.
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.