PennyMac

Nonbanks cement their dominance in agency servicer/seller market

New issuance of agency mortgage servicing pools is down sharply — $555 billion through the first six months of 2025 versus $1.1 trillion in the same period last year — and is reflective of a sluggish origination environment. That’s according to Recursion‘s Agency Mortgage Servicer/Seller Report for July 2025. Prepayments were also down to $301 […]

Nonbanks cement their dominance in agency servicer/seller market Read More »

House passes bill to give VA borrowers a partial mortgage claim option

Following about 20 minutes of debate on the floor of the House of Representatives on Monday, H.R. 1815 — known as the V.A. Home Loan Program Reform Act — was passed by voice vote and will now be given to the Senate for additional debate. The passage by the House keeps the bill moving through

House passes bill to give VA borrowers a partial mortgage claim option Read More »