The Julia La Roche Show · Saturday, August 8, 2026
Chris Whalen notes varied performance in the mortgage industry, with Rocket Mortgage reporting strong earnings while Pennymac had a weaker quarter. He attributes Rocket's success partly to its integrated model, combining mortgage origination, real estate, and servicing.
“PennyMac, not so good, had another kind of weak quarter. Loan Depot, signs of life, they're buying back their debt and they're doing other things that I think are positive. And Rocket hit it out of the park.”
“So, you know, it's not like everything is bad in mortgages right now. But PennyMac goes first, so people see that they stumbled and they're like, 'a right?' Because most buyers, investors, Julia, they don't understand mortgages anymore than most industries in a deep way.”
“And Rocket hit it out of the park. So, you know, it's not like everybody is having trouble in the industry. There are some people out there that are making hay and they're generating earnings and creating value for their shareholders.”