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.

Earnings data Q1 2023

Earnings data Q2 2023

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: 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 is involved in 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.

PennyMac Mortgage Investment

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that Vandy Fartaj is stepping down from his position as Senior Managing Director and Chief Investment Officer of both PFSI and PMT, in order to pursue other interests.

Pennymac Announces Organizational Changes

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) announced today that Doug Jones, President and Chief Mortgage Banking Officer, joined its Board of Directors effective March 1, 2023. In his role as President of PennyMac Financial, Mr. Jones is responsible for all business activities relating to the company's loan production and servicing operations.

PennyMac Financial Services, Inc. Announces Doug Jones Joined Its Board of Directors

Mortgage servicing offset the declines in mortgage origination.

Here's What Saved the Day for PennyMac Financial Services Investors

The stock price of PennyMac Financial Services Inc (NYSE: PFSI) fell by 8.63% in the most recent trading session. This is why.

PFSI Stock: 8.63% Decrease Explained

PennyMac Financial Services, Inc. (NYSE:PFSI ) Q4 2022 Earnings Conference Call February 2, 2023 5:30 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 Isaac Garden Good afternoon, and welcome to the Fourth Quarter and Full Year 2022 Earnings Discussion for PennyMac Financial Services, Inc. The slides that accompany this discussion are available on PennyMac Financial's website at pfsi.pennymac.com. Before we begin, let me remind you that our 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) Q4 2022 Earnings Call Transcript

PennyMac (PFSI) delivered earnings and revenue surprises of 4.71% and 4.21%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

PennyMac Financial (PFSI) Q4 Earnings and Revenues Beat Estimates

WESTLAKE VILLAGE, Calif.--( BUSINESS WIRE )--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $37.6 million for the fourth quarter of 2022, or $0.71 per share on a diluted basis, on revenue of $340.4 million. Book value per share increased to $69.44 from $68.26 at September 30, 2022.

PennyMac Financial Services, Inc. Reports Fourth Quarter and Full-Year 2022 Results

WESTLAKE VILLAGE, Calif.--( BUSINESS WIRE )--PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter and year ended December 31, 2022 in a news release to be issued after the market close on Thursday, February 2, 2023. The release will be available online at pfsi.pennymac.com.

PennyMac Financial Services, Inc. Announces Date for Release of Fourth Quarter and Full-Year 2022 Results

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The Federal Reserve has been aggressive in its rate hiking, and it's likely not done yet. Here are nine of the best stocks for rising interest rates.

9 Best Stocks for Rising Interest Rates

WESTLAKE VILLAGE, Calif.--( BUSINESS WIRE )--PennyMac Financial Services, Inc. (NYSE: PFSI), PennyMac Mortgage Investment Trust (NYSE: PMT) and their affiliates (collectively “Pennymac”) announced today their 15-year anniversary. Reflecting on enterprise growth and success, Pennymac will commemorate its anniversary through philanthropic efforts that foster stronger community engagement and drive favorable social impact across the nation.

Pennymac Commemorates a Milestone Anniversary

Is the worst over in the mortgage market?

Things Could Be Looking Up for PennyMac Financial Services. Here's Why.

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Despite a rise in mortgage rates and falling origination volumes, PFSI, UWMC and TSLX are likely to hold ground on robust servicing opportunities and technological enhancements.

3 Promising Stocks From the Mortgage & Related Services Industry (Revised)

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is PennyMac Financial Services (PFSI) a Great Value Stock Right Now?

Should Value Investors Buy PennyMac Financial Services (PFSI) Stock?

3 Promising Stocks From the Mortgage & Related Services Industry

The mean of analysts' price targets for PennyMac (PFSI) points to a 27.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

How Much Upside is Left in PennyMac (PFSI)? Wall Street Analysts Think 28%

PennyMac Financial Services, Inc. (NYSE:PFSI ) Q3 2022 Results Conference Call October 27, 2022 5:00 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 Isaac Garden Good afternoon and welcome to the third 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 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) Q3 2022 Earnings Call Transcript

The company reported better-than-expected third-quarter results.

Why Shares of PennyMac Financial Services Popped Today

PennyMac (PFSI) delivered earnings and revenue surprises of 119.64% and 13.51%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

PennyMac Financial (PFSI) Q3 Earnings and Revenues Surpass Estimates

PennyMac Financial Services, Inc. Reports Third Quarter 2022 Results

Are Investors Undervaluing PennyMac Financial Services (PFSI) Right Now?

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

PennyMac Financial Services (NYSE: PFSI ) may be the torchbearer of the next great mortgage crisis, according to Roddy Boyd at the Foundation for Financial Journalism. Indeed the mortgage lender has been recognized as a potential source of a major mortgage default that may well send the entire housing market — and the greater economy — into a spiral.

Short Sellers Pin PennyMac (PFSI) Stock at Heart of Looming Housing Crisis

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

News for PennyMac Financial Services Stock (PFSI)