PFSI News and Press, PennyMac Financial Services Inc. From 02/04/21

PennyMac Financial (PFSI): Q4 GAAP EPS of $5.97 beats by $0.05.Revenue of $1.04B (+112.1% Y/Y) misses by $10M.The board approved an increase to its stock repurchase authorization from $500M to $1B of outstanding common stock.Press Release For further details see: PennyMac Financial EPS ...

Also Announces $500 Million Increase in Stock Repurchase Program 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...

PennyMac Financial (NYSE:PFSI) is scheduled to announce Q4 earnings results on Thursday, February 4th, after market close.The consensus EPS Estimate is $6.02 (+220.2% Y/Y) and the consensus Revenue Estimate is $1.05B (+114.1% Y/Y).Over the last 2 years, PFSI has beaten EPS estimates 63% of th...

T11 Capital Management is a California based money manager. The firm offers separately managed accounts to high net worth individuals and institutions. For the month of January, T11 TABS recorded a 9.07% gross return and a net return of 6.80% versus the S&P 500, which declined 1.1...

Once March is over, a clearer picture should emerge regarding delinquent homeowners' ability to pay their mortgages as many forbearance plans will reach their 12-month limit.That means homeowners who entered forbearance plans early in the pandemic will be faced with exiting the forbearance pl...

PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter and year ended December 31, 2020 in a news release to be issued after the market close on Thursday, February 4, 2021. The release will be available online at www.ir.pennymacfinancial.com . The C...

PennyMac Mortgage Investment Trust ([[PMT]] -0.4%) and PennyMac Financial Services ([[PFSI]] +1.4%) report that their founder and non-executive chairman, Stanford L. Kurland, died from complications related to COVID-19.Kurland had also been battling brain cancer, the companies said.He founded...

PennyMac Financial Services, Inc. (NYSE: PFSI) today announced the passing of the company’s founder and Non-Executive Chairman Stanford L. Kurland. Mr. Kurland died from complications related to COVID-19 and had been battling brain cancer. He was 68. The entire PennyMac community...

Last year ended with 2.15M of homeowners seriously delinquent on their mortgage payments, 1.7M more than at its start, even after months of improvement, according to Black Knight's First Look at December 2020 data.The national delinquency rate in December fell to its lowest level since April;...

Refinance volume will likely trend downwards towards a normal level through 2022 due to stable interest rates. Recent team expansion will likely support revenues. However, the expansion will also lead to higher expenses. PFSI’s earnings will likely decline in 2021 but remai...