PFSI News and Press, PennyMac Financial Services Inc. From 08/06/21

The number of mortgages in active forbearance fell 71K in the most recent week, as well as the past month, as plan exits rise and plan starts fell to the lowest weekly mark since early July, according to the Black Knight McDash Flash Forbearance Tracker. As of Aug. 3, some 1.82M, or 3.4%, of ...

PennyMac Financial (NYSE:PFSI): Q2 GAAP EPS of $2.94 misses by $0.42. Revenue of $742.25M (-9.7% Y/Y) misses by $56.74M. Board of Directors also approved an increase to its stock repurchase authorization from $1.0 billion to $2.0 billion of outstanding common stock. Press Release For furthe...

Also Announces $1.0 Billion Increase in Stock Repurchase Program PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $204.2 million for the second quarter of 2021, or $2.94 per share on a diluted basis, on revenue of $742.3 million. Book value per sha...

PennyMac Financial (NYSE:PFSI) is scheduled to announce Q2 earnings results on Thursday, August 5th, after market close. The consensus EPS Estimate is $3.31 (-24.6% Y/Y) and the consensus Revenue Estimate is $798.99M (-2.8% Y/Y). Over the last 1 year, PFSI has beaten EPS estimates 100% of the...

Recent changes at FHA, VA, and USDA that vary maximum allowable mortgage forbearance periods could result in an avalanche of forbearance expirations for mortgage servicers to handle in late 2021 and early 2022, according to Black Knight's Mortgage Monitor report. Assuming that borrowers stay ...

PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended June 30, 2021 in a news release to be issued after the market close on Thursday, August 5, 2021. The release will be available online at www.ir.pennymacfinancial.com . The Company’s...

Andrii Yalanskyi/iStock via Getty Images The number of mortgages in active forbearance plans edged down by only 1K during the past week, after an almost 200K drop the week before, following a pattern of a mid-month lull in activity in the Black Knight McDash Flash Forbearance Tracker. Some 1....

Chainarong Prasertthai/iStock via Getty ImagesRocket Companies (RKT) falls 4.7% after Jefferies analyst Ryan Carr downgrades the stock to Hold on the basis of an extended wholesale and retail pricing war, which is contracting margins.Reduces price target to $18/share, reflecting mar...

thianchai sitthikongsak/Moment via Getty Images The number of mortgages in active forbearance drops by 189K this week, falling below 2M for the first time since early April, according to the Black Knight McDash Flash Forbearance Tracker. The decline in active plans is a result of large volume...

Chainarong Prasertthai/iStock via Getty ImagesThe number of mortgages in active forbearance declines 6K this week as 218K plans were up for review by June 30, leaving room for improvement for next week, according to the Black Knight McDash Flash Forbearance Tracker.As of June 29, some 2.05M, ...