PFSI News and Press, PennyMac Financial Services Inc. From 08/26/20

While the financial sector is struggling due to the low-rate environment and concerns about defaults, PennyMac Financial Services, Inc. (PFSI), Goosehead Insurance, Inc. (GSHD), Palomar Holdings, Inc. (PLMR) and Mr. Cooper Group Inc. (COOP) are outperforming. It's always worth noting companies ...

To review, the FHFA about two weeks ago proposed an "adverse-market" refinance fee of 0.5% to being on September 1 for all refinance mortgages backed by Fannie Mae ( OTCQB:FNMA ) and Freddie Mac ( OTCQB:FMCC ) . The bizarrely-timed proposal immediately got the politically well-connected...

Mortgage servicing companies have stabilized a bit this week following moderate to strong declines in the wake of a new half-point "adverse market fee" from Fannie Mae and Freddie Mac on refinancings. More news on: New Residential Investment Corp., PennyMac Mortgage Investment Trust, Pen...

Three mortgage servicing companies drop since government-sponsored enterprises Fannie Mae ( OTCQB:FNMA -0.2% ) and Freddie Mac ( OTCQB:FMCC -0.2% ) announced that a 0.5-percentage point "adverse market fee" will be applied to what the GSEs pay upfront to acquire many refinancing loans....

The number of U.S. mortgages in active forbearance declined by 71K over the past week, pushing the total to under 4M for the first time since early May, according to Black Knight McDash Flash data. More news on: Marathon Patent Group, Inc., New Residential Investment Corp., Mr. Cooper Grou...

While traders were driving up Tesla shares double-digits in wake of the company's stock split, the FHFA yesterday rolled out an adverse-market refinance fee of 0.5% on all refinances purchased by Fannie Mae ( OTCQB:FNMA ) and Freddie Mac ( OTCQB:FMCC ) after September 1. More news on...

Mortgage originators have fared relatively well during the COVID-19 crisis. The initial weeks were difficult as a lack of liquidity in the mortgage markets and margin calls besieged the industry. But as April turned to May, the origination business took off. PennyMac Financial (NYSE: PFSI)...

Rocket Cos.   (NYSE: RKT) , the parent of Quicken Loans, launched into the market this week after pricing its initial public offering at $18 per share. With the help of the Federal Reserve, the mortgage origination industry is in the midst of a feast, with massive refinance opportunities ...

The following slide deck was published by PennyMac Financial Services, Inc. in conjunction with their 2020 Q2 earnings Read more ...

PennyMac Financial Services, Inc. (PFSI) Q2 2020 Earnings Conference Call August 6, 2020 4:30 PM ET Company Participants Isaac Garden – Vice President-Investor Relations David Spector – President and Chief Executive Officer Doug Jones – Chief Mortgage Banking...