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A broad group of those involved in the mortgage industry over the weekend called on the FHFA, the Fed, and Treasury to put in place a liquidity facility for the mortgage servicers. More news on: Mr. Cooper Group Inc., New Residential Investment Corp., PennyMac Financial Services, Inc., ...
PennyMac Financial Services, Inc. (NYSE: PFSI) today announced that it will hold its 2020 Annual Meeting of Stockholders at 11:00 a.m. Pacific Daylight Time on Thursday, May 28, 2020, at the Company’s headquarters located at 3043 Townsgate Road, Westlake Village, CA 91361. Stockholders...
Mr. Cooper ( COOP -18.5% ), PennyMac Financial ( PFSI -11.5% ), Ocwen Financial ( OCN -17.0% ), and Walker & Dunlop ( WD -3.7% ) slip in early trading after reports that U.S. regulators are holding off on helping mortgage servicing firms that could be hit with a surge of missed p...
Even with the forbearance to homeowners that's included in coronavirus-related legislation, the explicit Ginnie Mae wrap and GSEs' line of credit at the U.S. Treasury will protect the timely payment of principal and interest to mortgage backed securities investors, write JPMorgan MBS analyst...
Ginnie Mae last night promised to use a program normally reserved for natural disasters to get cash to mortgage servicers. More news on: Mr. Cooper Group Inc., Ocwen Financial Corporation, New Residential Investment Corp., Financial stocks news, News on the U.S. economy, Read more .....
The Fed and the Treasury Department may create a funding facility for mortgage servicers, using some of the funds earmarked in the draft coronavirus relief legislation now under discussion, writes Heights Capital Markets Edwin Groshans in a note. More news on: Mr. Cooper Group Inc., PennyM...
Stocks have plummeted across the board. We are going to go into a recession. Everyone is going to die. Or not. The simple fact is this too shall pass. For now, good firms with solid incoming cash flows, and bad firms with unserviceable debt and troubled cash flows are being treated roughly...
Last week was tumultuous for mortgage originators as the 10-year bond yield fell from 1.16% to 0.77%. This drop in yields was directly attributable to fears about the novel coronavirus pandemic and the Fed's drastic half-point cut in the federal funds rate. For mortgage originators like Penny...
Piper Sandler analyst Kevin Barker boosts price target on PennyMac Financial (NYSE: PFSI ) to a Street-high of $50 vs. $46 as it's "one of the few financial stocks to see significant benefits from lower rates," the analyst writes. More news on: PennyMac Financial Services, Inc., Financial ...
Hybrid mortgage real estate investment trust (REIT) company Two Harbors Investment Corp. (NYSE: TWO) reported fourth-quarter (non-GAAP) core earnings last week of $0.25 a share, which was well below the quarterly dividend of $0.40 a share it paid out. The company also reported a drop in ...
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PennyMac Financial Services, Inc. (NYSE: PFSI) will announce results for the quarter ended June 30, 2024, in a news release to be issued after the market close on Tuesday, July 23, 2024. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the res...
Helping Service Members Entering the Workforce with a Path to a “Career That Brings It Home” PennyMac Financial Services, Inc. (NYSE: PFSI) (“Pennymac”), today announced its participation in the U.S. Army Partnership for Your Success (PaYS) program. This coll...
PennyMac Financial Services, Inc. (NYSE: PFSI) and its subsidiaries (the “Company”) today announced the pricing of its previously announced offering of $650 million aggregate principal amount of 7.125% Senior Notes due 2030 (the “Notes”). The Notes will bear interest a...