Pennymac Finl Svcs Inc Stock Price, News & Analysis

PennyMac Financial Services (NYSE: PFSI) will release third quarter 2025 results for the period ended September 30, 2025 after market close on Tuesday, October 21, 2025. Management will host a conference call and live audio webcast at 5:00 p.m. Eastern Time the same day to review results.

Release, webcast, and accompanying materials will be available at pfsi.pennymac.com, and a replay will be posted shortly after the call. Investors who cannot access the website may request materials via Investor Relations at 818.264.4907.

PennyMac Financial Services (NYSE: PFSI) announced executive leadership changes effective October 2025: Kevin Ryan joins as Senior Managing Director, Chief Strategy Officer on October 13, 2025; Marshall Sebring is promoted to Senior Managing Director, Chief Investment Officer; and Shiva Iyer is promoted to Senior Managing Director, Chief Enterprise Risk Officer.

The moves emphasize strategic oversight, enterprise investment and risk management. The release notes Ryan led a 2.5-year SPAC listing that closed in August 2023 and highlights Sebring and Iyer's prior experience in MBS investing, hedging, audit, and risk functions.

PennyMac Financial Services (NYSE: PFSI) and Annaly Capital Management (NYSE: NLY) have established a strategic partnership through a subservicing agreement and master purchase agreement. Under this partnership, Annaly will purchase a portfolio of mortgage servicing rights (MSR) from PennyMac, while PennyMac will handle all servicing and recapture activities for the sold MSR.

Annaly, as a top 10 servicer of Agency MBS, manages an MSR portfolio of approximately 680,000 loans with $219 billion in unpaid principal balance and $3.3 billion in market value as of June 30, 2025. The portfolio features high-quality conventional loans with a weighted average FICO of 757 and an average note rate of 3.24%.

PennyMac, as the second-largest mortgage loan producer and sixth-largest residential home loan servicer, will leverage this partnership to grow its subservicing business while optimizing its capital structure.

PennyMac Mortgage Investment Trust (NYSE: PMT) has declared a quarterly cash dividend of $0.40 per common share for the third quarter of 2025. The dividend will be distributed on October 24, 2025, to shareholders of record as of October 10, 2025.

PennyMac Financial Services (NYSE:PFSI) has announced a strategic partnership with Vesta Innovations, becoming the first major mortgage lender to implement Vesta's modern loan origination platform. As part of the collaboration, Pennymac has made a long-term minority equity investment in Vesta.

The partnership leverages Vesta's cloud-based platform with advanced AI capabilities and APIs to enhance mortgage application processing efficiency. Initial implementation in Pennymac's Consumer Direct Channel has shown promising results, with plans to expand across their multi-channel production platform, including Correspondent and TPO groups.

The integration aims to deliver a faster, more streamlined mortgage experience for customers through improved communication between loan officers, customers, and realtors.

PennyMac Financial Services (NYSE: PFSI) announced the launch of new non-qualified mortgage (non-QM) products through its Correspondent Group, set to begin on September 22, 2025. The new product suite includes Debt Service Coverage Ratio (DSCR) loans for real estate investors and A+, A, A- offerings for borrowers with non-traditional income profiles.

The non-QM products feature flexible income documentation options including Full Documentation, Bank Statement, Asset Depletion, and others. The offerings cater to diverse borrowers including first-time homebuyers, investors, and non-permanent residents. Pennymac will retain servicing on all non-QM products, with initial rollout to delegated correspondent sellers and expansion to TPO channels in Q4 2025.

PennyMac Financial Services (NYSE: PFSI) announced its upcoming participation in the 2025 Barclays Global Financial Services Conference. Chairman and CEO David Spector and CFO Daniel Perotti will engage in a fireside chat presentation jointly with PennyMac Mortgage Investment Trust (NYSE: PMT) on September 8, 2025, at 2:45 p.m. Eastern Time.

The presentation will be accessible through a live audio webcast on PFSI's Investor Relations website at pfsi.pennymac.com, with a replay available for a limited time after the event.

PennyMac Mortgage Investment Trust (NYSE: PMT) announced its upcoming participation in the 2025 Barclays Global Financial Services Conference. The company will present jointly with PennyMac Financial Services (NYSE: PFSI). Chairman and CEO David Spector and Senior Managing Director and CFO Daniel Perotti will engage in a fireside chat on September 8, 2025, at 2:45 p.m. ET.

Investors can access the live audio webcast through PMT's Investor Relations website at pmt.pennymac.com, with a replay available for a limited time after the event.

PennyMac Financial Services (NYSE: PFSI) has announced the pricing of $650 million Senior Notes due 2034. The Notes will carry a 6.750% interest rate, payable semi-annually on February 15 and August 15, starting February 15, 2026.

The Notes will be fully guaranteed by PennyMac's existing and future wholly owned domestic subsidiaries. The company plans to use the proceeds to repay borrowings under secured MSR facilities, other secured debt, and general corporate purposes. The offering, expected to close on August 12, 2025, is being made through private placement to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S.