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PennyMac Financial Services, Inc. (NYSE: PFSI) announced that its Board of Directors has approved the repurchase of 6,975,323 shares of common stock, representing the remaining PFSI shares owned by The BlackRock Foundation, at a price of $34 per share. In conjunction with this transaction, PF...
The last two months have been a nightmare for mortgage originators and servicers. The volatility in the bond market has made risk management difficult, while the decrease in interest rates has caused margin calls for investors and originators. Finally, the Coronavirus Aid, Relief, and Economic ...
The first quarter was one of the toughest ever for mortgage real estate investment trusts (mREITs). As the coronavirus pandemic set in, creditors pulled back, liquidity vanished almost overnight, and new legislation introduced massive uncertainty. Mortgage-backed securities, even government...
The following slide deck was published by PennyMac Financial Services, Inc. in conjunction with this Read more ...
As of May 19, 4.75M homeowners , or 9.0% of all mortgages, are in COVID-19 mortgage forbearance plans, according to Black Knight's McDash Flash Forbearance Tracker. More news on: New Residential Investment Corp., Ocwen Financial Corporation, Mr. Cooper Group Inc., Financial stocks news, N...
The pace of borrowers entering mortgage forbearance programs is slowing , with 4.7M homeowners in such mortgage relief plans as of May 12, up from a revised 4.5M a week earlier, according to Black Knight, a mortgage data and analytics company. More news on: New Residential Investment Corp...
For mortgage originators and mortgage servicers like PennyMac Financial Services (NYSE: PFSI) , the current economic environment represents the best and the worst conditions. Initial giddiness over the Fed's aggressive moves to lower interest rates turned to fear as margin calls and forbeara...
Shares in mortgage insurers and servicers rise the day after Fannie and Freddie announced a new option that allows homeowners in forbearance to shift their missed mortgage payments to the end of their loan term without increased interest. More news on: New Residential Investment Corp., O...
PennyMac Financial Services (NYSE: PFSI) saw a pleasant pop in its share price after announcing the results for its Q1 of fiscal 2020 . For the quarter, the mortgage specialist booked total net revenue of $721.8 million, nearly triple its take in the same period the previous year and wel...
The following slide deck was published by PennyMac Financial Services, Inc. in conjunction with their 2020 Q1 earnings Read more ...
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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...