Only $2.6 million were jumbo loans, with the rest being Fannie Mae, Freddie Mac or Federal Housing Administration mortgages. Top Lender The initiative, which was started in 2010, has been "very successful" and the firm believes it's positioned "to become a top 10 correspondent lender," Kurland said on an Aug. 2 conference call. PennyMac reported a net gain of $18 million on the mortgages it acquired for sale last quarter, including $16.8 million from the value of retained servicing rights, while earning $3.2 million in interest income on the holdings, according to a statement. Two Harbors Investment Corp., the REIT run by Pine River Capital Management LP that mainly buys home-loan securities, has considered adding servicing rights, including new ones, CEO Thomas Seiring said. "We've done some work around it," he said in a telephone interview, noting the firm isn't ready to jump in. "If it wasn't complicated more people would be doing it now," he said.