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

The number of home mortgages in active forbearance drops by 33K in the week ended March 30, making it the fifth straight week of declines and the longest stretch since September, according to Black Knight's McDash Flash Forbearance Tracker.That brings the number of active plans down by 172K i...

Nationally, 60.9% of home offers written by Redfin agents are getting a competing bid, up from 59.3% in January, and the 10th straight month in which more than half of their offers encountered competition, according to a recent Redfin report.Low mortgage rates and a pandemic moving spree have...

Insider buying increased last week. Notable Insider Buys: Designer Brands Inc., Apartment Investment and Management Company, Cortexyme, Inc., Advantage Solutions Inc., and Limoneira Company. Notable Insider Sells: L Brands, Inc., Ulta Beauty, Inc., Facebook, Inc., Copart, Inc., an...

The number of mortgages in active forbearance plans, fell by 19K, reducing the number of active plans down by 135K over the past month — a 5% reduction, according to Black Knight's McDash Flash Forbearance Tracker.That percentage decline represents the strongest rate of improvement sin...

The average 30-year mortgage rate of 3.17%, its highest in nine months, is reducing the number of high-quality refinance candidates down to 11.1M, its lowest level since a year ago, according to mortgage technology and data provider Black Knight.On average, those mortgage holders who could be...

Gainers: Atlantic American (AAME) +18%. Puhui Wealth Investment Management (PHCF) +12%. LendingClub (LC) +10%. Root (ROOT) +9%. Silvergate Capital (SI) +9%.Losers: LexinFintech Holdings (LX) -15%. 360 DigiTech (QFIN) -8%. Qudian (QD) -7%. PennyMac Financial Services (PFSI) -6%. Oak Valley Ban...

Wells Fargo analyst Michael Kaye downgrades PennyMac Financial Services (PFSI) to Equal Weight from Overweight as the mortgage industry backdrop turns less favorable after the company's stock jumped 92% since the beginning of 2020."We are using this opportunity to take profits... The macro is...

The number of mortgages in active forbearance plans fell by 77K, or by 2.9%, from a week earlier, marking its biggest weekly decline since early January, according to the Black Knight's McDash Flash Forbearance Tracker.As of March 9, 2.6M homeowners are still in forbearance, or 4.9% of all ho...

The number of mortgages in active forbearance falls by 22K in the past week, driven by month-end plan expirations, according to Black Knight's McDash Flash Mortgage Forbearance Tracker.Additional review/removal activity may occur in the next week, as 100K forbearance plans remain listed with ...

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...