PennyMac Financial Services

PennyMac Financial Services, Inc. operates as a holding company. The firm engages in the production and servicing of U.S. residential mortgage loans. It operates through the following segments: Production, Servicing, and Investment Management. The Production segment includes mortgage loan origination, acquisition, and sale activities. The Servicing segment offers servicing of originated mortgage loans and execution and management of early buyout transactions. The Investment Management segment consists of sourcing, performing diligence, bidding and closing investment asset acquisitions, managing correspondent production activities and managing the acquired assets. The company was founded by Stanford L. Kurland on July 2, 2008 and is headquartered in Westlake Village, CA.

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PennyMac reports solid Q4 earnings, poised for growth in 2023

PennyMac Financial Services (PFSI) delivered solid financial performance in Q4 2022, driven by strong net income and servicing portfolio growth. The company's strategic initiatives, including expense savings and stock buybacks, reflect a commitment to enhancing shareholder value.
Despite challenges in the mortgage market, PennyMac's balanced business model and operational efficiency position it well for 2023. The company's focus on financial stability, growth, and shareholder returns underscores its resilience and strategic foresight.
With opportunities to leverage its strong performance and navigate market dynamics, PennyMac is poised to capitalize on growth prospects and drive value creation. By staying agile and responsive to industry trends, the company can sustain its momentum and drive long-term success.

PennyMac Financial Services (PFSI) reports solid Q1 earnings and positions for growth

PennyMac Financial Services (PFSI) posts strong Q1 results, focusing on operational efficiency and growth. Challenges persist in the dynamic mortgage market, but strategic initiatives position PFSI well for future success. Opportunities lie in higher origination volumes and technology investments.

PennyMac Financial Services (PFSI) reports strong Q2 performance and growth opportunities

PennyMac Financial Services (PFSI) reports a strong Q2 performance with improved ROE and production margins. The company's strategic focus on hedging, leverage management, and growth opportunities positions it well for the future.

PennyMac Financial Services (PFSI) reports stellar Q3 performance and eyes growth opportunities

PennyMac Financial Services (PFSI) excelled in Q3 2023, demonstrating robust financial performance, strategic growth in its servicing portfolio, and a focus on customer acquisition. While facing challenges related to seasonal fluctuations, the company is poised to capitalize on opportunities in marketing, debt markets, and potential rate changes.

PennyMac Financial Services reports Q4 loss but eyes growth in origination market

PFSI navigated challenges in Q4 2023 to achieve a strong operating return on equity. Despite the arbitrator ruling against them, the company remains focused on growth opportunities in the origination market. By emphasizing rate and term refinances and maintaining a strong balance sheet, PFSI aims to capitalize on market trends and drive profitability.

PennyMac Financial Services reports solid Q1 earnings amidst market challenges

PFSI's Q1 performance reflects solid earnings and growth in servicing portfolio driven by loan acquisitions.
The company faces challenges from market uncertainties but is strategically focused on portfolio expansion.
Opportunities lie in expanding subservicing business, optimizing technology, and capitalizing on market conditions.
Overall, PFSI maintains profitability, strong consumer support, and a strategic growth trajectory.

PennyMac Financial Services reports robust earnings and eyes growth opportunities

PFSI delivered strong financial performance in Q2 2024, driven by robust mortgage loan activities and operational efficiencies.
The company's focus on cost management, dividend increase, and market leadership in lending segments underpin its solid position.
While challenges exist in operational management and market dynamics, PFSI's strategic positioning and liquidity offer growth opportunities.
Overall, PFSI's performance reflects resilience and strategic foresight in navigating the evolving mortgage market landscape.

PennyMac Financial Services reports strong Q3 performance and eyes growth opportunities

PFSI delivered strong financial performance in Q3, driven by robust production and origination market forecasts.
While facing challenges in the servicing segment, PFSI aims to maintain margins and drive down expenses.
Opportunities lie in market growth, channel expansion, and operational efficiency enhancements for sustained success.
Overall, PFSI's strategic focus on profitability and growth positions it well for future opportunities and challenges.

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PennyMac Financial Services, Inc. operates as a holding company, which engages in the production and servicing of U.S. residential mortgage loans. It operates through the following segments: Loan Production, Loan Servicing, and Investment Management. The Loan Production segment is sourced through three channels: correspondent production, consumer direct lending and broker direct lending. The Loan Servicing segment performs loan administration, collection, and default management activities. The Investment Management segment currently manages PennyMac Mortgage Investment Trust. The company was founded by Stanford L. Kurland on July 2, 2008 and is headquartered in Westlake Village, CA.

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (Pennymac) announced today the launch of POWER+ by Pennymac TPO, its next generation broker technology platform. Brokers will now have more speed and control over the mortgage process to deliver an exceptional experience to their customers and referral partners. “We're deepening our commitment to wholesale and supporting brokers in an immense way with the introduction of POWER+. It started with the voice o

Pennymac TPO Introduces POWER+, the Next Generation in Broker Technology

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (Pennymac) announced today the appointment of Jerry Halbrook as the organization's Chief Mortgage Innovation Officer. With decades of Fintech experience, Mr. Halbrook will develop and launch new technology solutions, preparing the company for future innovations while enhancing Pennymac's business model. “Pennymac welcomes Jerry and his extensive expertise as we continue to make significant strides towards

Fintech Executive Jerry Halbrook Joins Pennymac's Leadership Team as Chief Mortgage Innovation Officer

PennyMac Mortgage Investment

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) announced today that it will present jointly with PennyMac Mortgage Investment Trust (NYSE: PMT) at the 2022 Barclays Global Financial Services Conference. Chairman and Chief Executive Officer, David A. Spector, and Senior Managing Director and Chief Financial Officer, Daniel S. Perotti will participate in a fireside chat at 9:00 a.m. Eastern Time on Wednesday, September 14, 2022. A link to the live audio

PennyMac Financial Services, Inc. to Present at the 2022 Barclays Global Financial Services Conference

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that it will present jointly with PennyMac Financial Services, Inc. (NYSE: PFSI) at the 2022 Barclays Global Financial Services Conference. Chairman and Chief Executive Officer, David A. Spector, and Senior Managing Director and Chief Financial Officer, Daniel S. Perotti will participate in a fireside chat at 9:00 a.m. Eastern Time on Wednesday, September 14, 2022. A link to the live audio

PennyMac Mortgage Investment Trust to Present at the 2022 Barclays Global Financial Services Conference

PennyMac Financial Services, Inc. (NYSE:PFSI ) Q2 2022 Earnings Conference Call August 2, 2022 4:30 PM ET Company Participants Isaac Garden - Vice President, Investor Relations David Spector - Chairman & Chief Executive Officer Doug Jones - President Dan Perotti - Senior Managing Director & Chief Financial Officer Conference Call Participants Isaac Garden Good afternoon and welcome to the Second Quarter Earnings Discussion for PennyMac Financial Services Inc. The slides that accompany this discussion are available on PennyMac Financial's website at ir.pennymacfinancial.com. Before we begin, let me remind you that our discussion contains forward-looking statements that are subject to risks identified on slide two that could cause our actual results to differ materially as well as non-GAAP measures that have been reconciled to their GAAP equivalent in our earnings presentation.

PennyMac Financial Services, Inc. (PFSI) CEO David Spector on Q2 2022 Results - Earnings Call Transcript

PennyMac (PFSI) delivered earnings and revenue surprises of 86.89% and 7.53%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

PennyMac Financial (PFSI) Surpasses Q2 Earnings and Revenue Estimates

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $129.2 million for the second quarter of 2022, or $2.28 per share on a diluted basis, on revenue of $511.5 million. Book value per share increased to $65.38 from $62.19 at March 31, 2022. PFSI's Board of Directors declared a second quarter cash dividend of $0.20 per share, payable on August 26, 2022, to common stockholders of record as of August 16, 2022. Second Quarter 2022 Hi

PennyMac Financial Services, Inc. Reports Second Quarter 2022 Results

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended June 30, 2022 in a news release to be issued after the market close on Tuesday, August 2, 2022. The release will be available online at www.ir.pennymacfinancial.com. The Company's executives will review the results in a recorded presentation. The recording and accompanying slide presentation will be available on the Company's website concurrently with the news re

PennyMac Financial Services, Inc. Announces Date for Release of Second Quarter 2022 Results

PennyMac Financial Services, Inc. (NYSE:PFSI ) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants David Spector - Chairman & Chief Executive Officer Doug Jones - President & Chief Mortgage Banking Officer Dan Perotti - Senior Managing Director & Chief Financial Officer Operator Good afternoon and welcome to the First Quarter Earnings Discussion for PennyMac Financial Services, Inc. The slides that accompany this discussion are available on PennyMac Financial's website at ir.pennymacfinancial.com. Before we begin, let me remind you that this discussion contains forward-looking statements that are subject to risks identified on Slide 2 that could cause our actual results to differ materially as well as non-GAAP measures that have been reconciled to their GAAP equivalent in our earnings presentation.

PennyMac Financial Services, Inc. (PFSI) CEO David Spector on Q1 2022 Results - Earnings Call Transcript

PennyMac (PFSI) delivered earnings and revenue surprises of 1.73% and 10.08%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

PennyMac Financial (PFSI) Tops Q1 Earnings and Revenue Estimates

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $173.6 million for the first quarter of 2022, or $2.94 per share on a diluted basis, on revenue of $657.5 million. Book value per share increased to $62.19 from $60.11 at December 31, 2021. PFSI's Board of Directors declared a first quarter cash dividend of $0.20 per share, payable on May 27, 2022, to common stockholders of record as of May 17, 2022. First Quarter 2022 Highligh

PennyMac Financial Services, Inc. Reports First Quarter 2022 Results

PennyMac (PFSI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: PennyMac Financial (PFSI) Q1 Earnings Expected to Decline

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended March 31, 2022 in a news release to be issued after the market close on Thursday, May 5, 2022. The release will be available online at www.ir.pennymacfinancial.com. The Company's executives will review the results in a recorded presentation. The recording and accompanying slide presentation will be available on the Company's website concurrently with the news rel

PennyMac Financial Services, Inc. Announces Date for Release of First Quarter 2022 Results

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WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today announced that it will hold its 2022 Annual Meeting of Stockholders at 11:00 a.m. Pacific Time on Tuesday, May 24, 2022 virtually by means of a live webcast. Stockholders of record as of the close of business on March 29, 2022 are entitled to receive notice of, to attend, and to vote at the virtual annual meeting. Stockholders who wish to participate can visit www.virtualshareholdermeeting.com/PFSI20

PennyMac Financial Services, Inc. Announces Date for 2022 Annual Meeting of Stockholders

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WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) (collectively “Pennymac” or “the companies”) today announced the launch of the “Greatness Lives Here” brand campaign, which empowers Pennymac mortgage homeowners, clients and business partners to achieve their highest potential. “I'm proud to see the new Pennymac campaign come together and present homeownership as an achievable goal, because home provides

Pennymac Companies Launch ‘Greatness Lives Here' Brand Campaign Celebrating Home as the Foundation for Achieving Life's Aspirations

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PennyMac Financial Services, Inc. (PFSI) CEO David Spector on Q4 2021 Results - Earnings Call Transcript

PennyMac (PFSI) delivered earnings and revenue surprises of 15.88% and 11.05%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

PennyMac Financial (PFSI) Tops Q4 Earnings Estimates

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $173.1 million for the fourth quarter of 2021, or $2.79 per share on a diluted basis, on revenue of $693.8 million. Book value per share increased to $60.11 from $58.00 at September 30, 2021. PFSI's Board of Directors declared a fourth quarter cash dividend of $0.20 per share, payable on February 25, 2022, to common stockholders of record as of February 15, 2022. Fourth Quarter

PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2021 Results

SANTA CLARA, Calif.--(BUSINESS WIRE)-- #brokerexperience--Tavant, a Silicon Valley-based provider of industry-leading digital lending solutions, announced today that it is collaborating with PennyMac Financial Services, Inc. (NYSE: PFSI) (Pennymac), one of the largest publicly traded residential mortgage companies in the country. Pennymac has integrated Tavant FinDecision into its POWER Portal for broker partners. Pennymac's access to FinDecision's dual Automated Underwriting Systems (AUS) functionality and other

Tavant FinDecision Enhances Broker Experience Through Collaboration with PennyMac Financial Services, Inc.

Earnings Preview: PennyMac Financial (PFSI) Q4 Earnings Expected to Decline

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter and year ended December 31, 2021 in a news release to be issued after the market close on Thursday, February 3, 2022. The release will be available online at www.ir.pennymacfinancial.com. The Company's executives will review the results in a recorded presentation. The recording and accompanying slide presentation will be available on the Company's website concurrently

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