Housing News

Today on Power House, Diego Sanchez interviews David Spector, Chairman and CEO of Pennymac, for an inside look at the company’s growth strategy and expansion in the wholesale space. David shares how Pennymac is investing over $250 million annually in tech, backing broker partners without competing, and targeting a 10% market share by 2026. They also discuss Pennymac’s $700 billion servicing portfolio, non-QM market plans, and their involvement in the 2028 Olympics. Here’s what you’ll learn: Why TPO and correspondent lending are central to Pennymac’s 2026 goals How Pennymac is building tech that empowers brokers, not competes with them Why a balanced model helps them thrive in fluctuating rate environments What’s ahead in the non-QM market for Pennymac How Olympic sponsorship fits into their brand evolution strategy Related to this episode:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Pennymac David Spector | LinkedIn Pennymac | HousingWire ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Housing