Rocket was one of the largest sellers of agency mortgage servicing rights during the second quarter and the only nonbank to post a decline in owned servicing among the top-10 firms. Chase’s decline in owned servicing looks to be tied to portfolio runoff. (Includes three data tables.)
Pennymac laid off origination staff and is counting on technology to keep its lending capacity elevated. Leaders at Newrez and loanDepot are also touting their tech investments.