PFSI News and Press, PennyMac Financial Services Inc. From 05/05/22

PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $173.6 million for the first quarter of 2022, or $2.94 per share on a diluted basis, on revenue of $657.5 million. Book value per share increased to $62.19 from $60.11 at December 31, 2021. PFSI’s Boa...

U.S. housing affordability in March fell to near all-time lows as home prices and mortgage rates continued to surge in the wake of the highest consumer price inflation in four decades. Specifically, home prices in March appreciated at an annualized rate of 19.9%, down from February's upwardly...

PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended March 31, 2022 in a news release to be issued after the market close on Thursday, May 5, 2022. The release will be available online at www.ir.pennymacfinancial.com . The Company’s e...

The news media would have you believe the end is near. We've seen this story before. Preferred shares are defensive options that are on sale. I highlight a few of my favorites. For further details see: 3 Preferred Stocks With 7%+ Yield, For Uncertain Times, And Big I...

PennyMac Financial Services, Inc. (NYSE: PFSI) today announced that it will hold its 2022 Annual Meeting of Stockholders at 11:00 a.m. Pacific Time on Tuesday, May 24, 2022 virtually by means of a live webcast. Stockholders of record as of the close of business on March 29, 2022 are ent...

The PHLX Housing Index has been down sharply since the beginning of the year. Mortgage rates are now approaching 5%. The last time rates got this high, the sector broke. For further details see: Housing Stocks Plunge Amid Soaring Mortgage Rates

The 30-year fixed rate mortgage averaged above 5.02% on Tuesday, according to Mortgage News Daily, the first time the rate has been over 5% since 2013 except for one day in 2018, CNBC said. The hike in the closely watched interest rate is making it even more expensive for consumers to buy hom...

Leon Cooperman’s 13F portfolio value increased from $1.89B to $1.99B this quarter. Omega Advisors added Mirion Technologies and increased General Motors while dropping Alibaba Group Holdings. Mr. Cooper Group, Alphabet, and Athene Holding are the largest three individual st...

At Gator Capital Management, we are dedicated to the management of concentrated investment portfolios consisting of companies with proven profitability and dominant franchises. Although higher interest rates will benefit the Fund’s portfolio, we are making sure that the Fund is...

Building Momentum After Launching its Brand Evolution, Pennymac Companies Debut Milestone-Focused Marketing Campaign PennyMac Financial Services, Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) (collectively “Pennymac” or “the compan...