PFSI News and Press, PennyMac Financial Services Inc. From 04/23/21

The number of mortgages in active forbearance plans edges down for another week, making that eight straight weeks of improvement, according to Black Knight's McDash Flash Forbearance Tracker.The number of mortgages in forbearance fell by a mere 1K for the week ended April 20, the same number ...

The number of mortgages under active forbearance plans fell by a mere 1,000 in the week ended April 13, but that's still the seventh straight week of declining forbearance plan volumes, according to Black Knight's McDash Flash Forbearance Tracker.Typically, the strongest rates of improvement ...

PennyMac Financial Services, Inc. (NYSE: PFSI) today announced that it will hold its 2021 Annual Meeting of Stockholders at 11:00 a.m. Pacific Daylight Time on Thursday, June 3, 2021 virtually by means of a live webcast. Stockholders of record as of the close of business on April 6, 202...

Stable to rising interest rates and high home prices will likely decrease mortgage banking volumes this year. Aggressive headcount growth and an increase in the number of approved brokers will likely support revenues this year. The December 2022 target price is quite close to the ...

The decline in the number of mortgages in active forbearance plans continues for the sixth straight week and represents the largest drop in six months, according to Black Knight's McDash Flash Forbearance Tracker.The number of active plans fell by 228K in the week ended April 6, falling 9% in...

GLQ offers investors a high distribution yield of over 10% at this time, they have a flexible approach to investing. The fund can add some global exposure to a CEF portfolio, though the fund is heaviest in U.S. at the moment. GLQ had traded at a persistent discount; however, last ...

The Consumer Financial Protection Bureau proposes changing some rules in order to help prevent avoidable foreclosures as emergency federal foreclosure protections, that were implemented in response to the COVID-19 pandemic, expire.The proposal seeks to ensure that mortgage servicer and borrow...

Sharp rises in home prices and interest rates have pushed home affordability to its lowest point since mid-2019, according to Black Knight's Mortgage Monitor."Our repeat sales-based Black Knight Home Price Index shows February's annual price appreciation at 11.6%, the fastest growth rate in m...

Insider buying decreased last week. Notable Insider Buys: PennyMac Financial Services, Inc., GTY Technology Holdings Inc., Apartment Investment and Management Company, Arcus Biosciences, Inc., and Elastic N.V. Notable Insider Sells: MP Materials Corp., Ulta Beauty, Inc., Facebook,...

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...