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PennyMac, Annaly Capital enter subservicing partnership

Summary by HousingWire
Annaly Capital Management Inc., the world’s largest residential mortgage real estate investment trust (REIT), announced on Wednesday afternoon that it reached an agreement with PennyMac Financial Services Inc. to buy a portfolio of mortgage servicing rights (MSRs) while leaving PennyMac to manage the loans. The deal includes a subservicing agreement and a master purchase agreement under which PennyMac will handle all servicing and recapture acti…
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HousingWireHousingWire

PennyMac, Annaly Capital enter subservicing partnership

Annaly Capital Management Inc., the world’s largest residential mortgage real estate investment trust (REIT), announced on Wednesday afternoon that it reached an agreement with PennyMac Financial Services Inc. to buy a portfolio of mortgage servicing rights (MSRs) while leaving PennyMac to manage the loans. The deal includes a subservicing agreement and a master purchase agreement under which PennyMac will handle all servicing and recapture acti…

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HousingWire broke the news in on Thursday, October 2, 2025.
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