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.

PennyMac Financial Services: Continued Channel Growth Supports The Medium-Term Case

PennyMac Mortgage Investment

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today announced an update regarding its combined virtual Investor Day with PennyMac Financial Services, Inc. (NYSE: PFSI) on Thursday, June 17, 2021. Registration for the event is now open and available on the Company's investor relations website at www.PennyMac-REIT.com. A live video webcast will be available on the Company's website concurrent with the event. For those unable to join the live video webca

PennyMac Mortgage Investment Trust Announces Update for Investor Day on June 17, 2021

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According to the Double Buys page, a Premium feature of GuruFocus, five stocks that had multiple guru and insider buys during the second quarter are PennyMac Financial Services inc. ( PFSI , Financial), Sensei Biotherapeutics Inc. ( SNSE , Financial), Hayward Holdings Inc. ( HAYW , Financial), Vistra Corp. ( VST , Financial) and Peloton Interactive Inc. ( PTON , Financial).

5 Stocks With High Guru and Insider Buys in the Past 3 Months

PennyMac Financial Services, Inc. (PFSI) CEO David Spector on Q1 2021 Results - Earnings Call Transcript

PennyMac (PFSI) delivered earnings and revenue surprises of -11.05% and -9.20%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

PennyMac Financial (PFSI) Q1 Earnings and Revenues Lag Estimates

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $376.9 million for the first quarter of 2021, or $5.15 per share on a diluted basis, on revenue of $944.7 million. Book value per share increased to $51.78 from $47.80 at December 31, 2020. PFSI's Board of Directors declared a first quarter cash dividend of $0.20 per share, payable on May 27, 2021, to common stockholders of record as of May 17, 2021. First Quarter 2021 Highligh

PennyMac Financial Services, Inc. Reports First Quarter 2021 Results

PennyMac's (PFSI) Q1 earnings might have been positively impacted by low mortgage rates.

PennyMac (PFSI) to Report Q1 Earnings: What's in the Cards?

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended March 31, 2021 in a news release to be issued after the market close on Thursday, May 6, 2021. 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 2021 Results and Investor Day

NASHVILLE, Tenn.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (PennyMac), one of the largest publicly-traded residential mortgage companies in the country, announced today recruitment efforts are underway to hire prospective candidates within the Nashville Metropolitan Area. While an office location has yet to be announced, PennyMac is currently looking to hire Loan Officers and other key leadership and support roles for its Consumer Direct Lending business. Named a top thre

PennyMac Financial Services, Inc. Provides Career Opportunities for Professionals Located within the Nashville Metropolitan Area

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today announced that it will hold its 2021 Annual Meeting of Stockholders at 11:00 a.m. Pacific Daylight Time on Thursday, June 3, 2021 virtually by means of a live webcast. Stockholders of record as of the close of business on April 6, 2021 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.c

PennyMac Financial Services, Inc. Announces Date for 2021 Annual Meeting of Stockholders

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Selecting securities with compelling Shiller price-earnings ratios increases the likelihood of identifying value opportunities, in my opinion. Thus, investors may want to consider the following companies, as their Shiller price-earnings ratios are standing below the S&P 500 Index's historical average of 16.81 as of Friday, April 9.

3 Stock Picks With a Low Shiller Price-Earnings Ratio

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Sales growth is an indicator of a company's future earnings performance. Let's check out Williams-Sonoma (WSM), Southern Copper (SCCO), Qorvo (QRVO), PennyMac Financial (PFSI) & Medical Properties Trust (MPW) that may see robust sales growth.

5 Top-Ranked Stocks With Solid Sales Growth Worth Betting on

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GoHealth, Inc.

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Insider buying can be an encouraging signal for potential investors, especially when markets are near all-time highs. Some insiders took advantage of initial public offerings in the past week.

The Past Week's Notable Insider Buys Include Coupang, Keurig Dr Pepper, IPOs And More

Microsoft

News Corp

Snowflake

Walmart

Archer-Daniels-Midland Company

Broadcom

Cerner

Dropbox

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Ironwood Pharma

Parker-Hannifin

Carrols Restaurant Group

Insider buying can be an encouraging signal for potential investors, especially when markets are near all-time highs. A media mogul was among the insiders making purchases this week.

Last Week's Notable Insider Buys: News Corp, Microsoft, Snowflake, Walmart And More

PennyMac (PFSI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

PennyMac (PFSI) Surges 7%: Is This an Indication of Further Gains?

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today announced the appointment of Doug Jones as President and Chief Mortgage Banking Officer. Mr. Jones had previously served as the Company's Senior Managing Director and Chief Mortgage Banking Officer, as well as President of PennyMac Loan Services, the Company's mortgage banking subsidiary. In his new role, Mr. Jones continues to be responsible for all activities relating to the Company's loan producti

PennyMac Financial Services, Inc. Announces Appointment of President and Chief Mortgage Banking Officer

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today announced the appointment of David A. Spector as Chairman of the Board. Mr. Spector will continue to serve as Chief Executive Officer. The company also announced that Jonathon S. Jacobson, Founder of HighSage Ventures, has joined the Board of Directors. “I am honored that the Board has entrusted me with this additional responsibility, and I am excited to continue leading this great company forward,”

PennyMac Financial Services, Inc. Announces Appointment of Chairman, Addition to Its Board of Directors, and Transition of Lead Independent Director

PennyMac Crushes It on Record Mortgage Volume. Can the Party Continue?

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (the “Company”) today announced the pricing of its offering of $650 million aggregate principal amount of 4.250% Senior Notes due 2029 (the “Notes”). The size of the offering was increased from the previously announced $500 million aggregate principal amount. The Notes will bear interest at 4.250% per annum and will mature on February 15, 2029. Interest on the Notes will be payable semi-annually on Februar

PennyMac Financial Services, Inc. Announces Pricing of Upsized Private Offering of $650 Million of Senior Notes

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Clough Global Opportunities Fund

Clough Global Equity Fund

Clough Global Dividend and Income Fund

The Clough funds all have impressive records. GLV previously paid a higher distribution yield even though it didn't earn as much as its two siblings, GLO and GLQ. That's been rectified with the big dividend increases (21%) for GLO and GLQ and the slight (4%) cut to GLV's payout.

The Clough Closed-End Funds Continue To Perform

PennyMac (PFSI) delivered earnings and revenue surprises of 0.84% and -1.59%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

PennyMac Financial (PFSI) Surpasses Q4 Earnings Estimates

PennyMac Financial Services, Inc. (PFSI) CEO David Spector on Q4 2020 Results - Earnings Call Transcript

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $452.8 million for the fourth quarter of 2020, or $5.97 per share on a diluted basis, on revenue of $1.0 billion. Book value per share increased to $47.80 from $41.67 at September 30, 2020. PFSI's Board of Directors declared a fourth quarter cash dividend of $0.20 per share, a 33 percent increase from the prior quarter, payable on February 25, 2021, to common stockholders of re

PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2020 Results and Increases Quarterly Dividend

PennyMac's (PFSI) Q4 results will likely display the positive impact of low mortgage rates.

PennyMac (PFSI) to Report Q4 Earnings: What's in the Cards?

Federal National Mortgage Association

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2020 was a record year for the mortgage industry thanks to low interest rates and changing behaviors. What does 2021 have in store for the industry?

News for PennyMac Financial Services Stock (PFSI)