Q: With midterms approaching and housing affordability still a major concern, do you expect the Trump administration to step up its focus on the mortgage market? A: There’s already a noticeable push from Washington, and not just from one party. Policymakers across the aisle are trying to address affordability, which is encouraging. The recent executive actions and announcements from the Federal Housing Finance Agency are part of that effort, and they’re tackling substantive issues, like...

For most of Pennymac’s journey, we’ve been organic builders. In an industry where scale is often purchased rather than constructed, we have chosen to grow deliberately by building our platform, our team, and our technology from the ground up. That purposeful foundation is what has allowed us to thrive through every market cycle. Our founding philosophy was straightforward. When you buy a company, you inherit its legacy systems, embedded costs, and cultural assumptions. But when you build, you...

As we kick off the New Year, affordability remains one of the biggest challenges facing the mortgage industry and the broader housing market. It continues to shape conversations among lenders, policymakers, and consumers alike. Affordability Is Not a Rate Problem Ask most people what’s wrong with housing affordability, and the answer comes quickly: rates are too high. It’s an easy diagnosis, clean and intuitive, and it fits neatly into headlines and political talking points. But it’s also...