PFSI News and Press, PennyMac Financial Services Inc. From 01/10/22

The New Identity Debuts Alongside a Company-Wide Rebranding Effort PennyMac Financial Services, Inc. (NYSE:PFSI) (Pennymac) today announced that it is changing the name of its broker direct division to Pennymac TPO. As a part of this rebrand, Pennymac TPO will be investing h...

The New Look and Feel Sets the Stage for the Next Chapter in the Companies’ Evolution PennyMac Financial Services, Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) (collectively “Pennymac” or “the companies”) today annou...

PennyMac Financial Services Inc. (NYSE:PFSI) traded today at a new 52-week high of $71.52. Approximately 99,000 shares have changed hands today, as compared to an average 30-day volume of 610,000 shares. Potential upside of 15.5% exists for PennyMac Financial Services Inc., based on a cu...

PMT reported a loss in the third quarter. The company has a 10.66% dividend yield but its payout ratio is relatively stretched out. It trades 11% below its tangible book value but insiders are not buying. For further details see: PennyMac: Attractive Valuation But I Am N...

President Biden will nominate Sandra L. Thompson to lead the Federal Housing Finance Agency, which oversees mortgage giants Fannie Mae (OTCQB:FNMA +0.2%) and Freddie Mac (OTCQB:FMCC +0.5%), as well as the Federal Home Loan Bank system. Thompson has been in the role of acting director of the F...

Household net worth rose by $2.4T in Q3 to a record $144.7B, bolstered by booming real estate values, the Federal Reserve said in its Financial Accounts of the U.S. report. That represents a 2.36% increase in net worth, at an annual rate, during the quarter. The value of real estate held by h...

Market action last week pointed to further weakness that went beyond a single session or a single factor. While the S&P 500 was only down 1.2% last week, the Nasdaq was down 2.6% and the growth heavy ARK Innovation ETF was down an astounding 12.69%. Insiders have been the cana...

Top Mortgage Lender Hires Financial Services Veteran Jenny Rhodes to Lead its Human Resources Division PennyMac Financial Services, Inc. (NYSE: PFSI) (PennyMac), one of the largest publicly-traded residential mortgage companies in the country, announced today it has appointe...

Corporate insiders rang the bell on the market almost three weeks ago with elevated levels of insider selling. A third insider of a trillion-dollar market cap company joined the selling spree last week with Microsoft CEO Satya Nadella selling almost exactly half of his shares over. ...

Even though the economy is returning to normality after a year and a half of hardships, fundamentally weak mortgage finance companies, such as Rocket Companies (RKT) and PennyMac Financial (PFSI), may find it challenging to regain pre-COVID levels of growth soon. But we think Essent Group (ES...