PFSI News and Press, PennyMac Financial Services Inc. From 03/03/21

PennyMac Financial Services (PFSI) and PennyMac Mortgage Investment Trust (PMT) name Doug Jones the president and chief mortgage banking officer of both companies.Jones had previously served as PMT's senior managing director and chief mortgage banking officer, roles he also held at PFSI.Addit...

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 Penn...

Rocket Companies Inc is aptly named, up 71% yesterday in a post earnings short squeeze. Astute investors however will want to know not just the reason for the squeeze but also the reason 40% of the shares outstanding were short in the first place. Also key to understand is the hug...

Soros' 13F portfolio value increased from $4.08B to $5.30B this quarter. The number of positions increased from 132 to 146. Soros added Clarivate plc and Elanco Animal Health while dropping DraftKings and E*TRADE Financial. Liberty Broadband at ~16% of the portfolio is by far the ...

The number of mortgages in active forbearance rise for a second week in a row, climbing by 21K (+0.8%) since last Tuesday, pushing the total back up over 2.7M, according to Black Knight's McDash Flash Forbearance Tracker.Earlier this month, the number of mortgages in forbearance fell below th...

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 ...

Following the pattern of mid-month increases in mortgage forbearance volumes, the number of mortgages in active forbearance rises by 15K, or 0.06%, since a week ago Tuesday, according to the Black Knight's McDash Flash Forbearance Tracker.Still, the monthly rate of decline holds steady at ~2%...

The number of mortgages in active forbearance fell by 48K in the week ended Feb. 9, bringing the total decline to 93K in the past two weeks, according to Black Knight's McDash Flash Forbearance Tracker.Both weeks represent January plan expirations.As of Feb. 9, some 2.67M homeowners, or 5% of...

2020 will go down as the best year for mortgage bankers in almost two decades. The COVID-19 pandemic triggered aggressive action by the Federal Reserve, which responded by cutting the federal funds rate to zero and reinstated purchases of Treasuries and mortgage-backed securities. This prec...

At Gator Capital Management, we are dedicated to the management of concentrated investment portfolios consisting of companies with proven profitability and dominant franchises. For the 4th quarter of 2020, the Fund outperformed both the Financials sector benchmark and the overall mark...