Welcome to our dedicated page for Pennymac Finl Svcs news (Ticker: PFSI), a resource for investors and traders seeking the latest updates and insights on Pennymac Finl Svcs stock.
PennyMac Financial Services, Inc. reports developments in U.S. residential mortgage production, loan servicing and mortgage-market investment management. Company updates commonly cover production segment results, correspondent acquisitions of government-insured and conventional conforming loans, consumer direct and broker direct channels, and third-party origination offerings such as Non-QM products.
News also covers servicing and subservicing activity, mortgage servicing rights, early buyout transactions, dividends and earnings releases. PennyMac’s relationship with PennyMac Mortgage Investment Trust appears in company updates through fulfillment services, investment-management activities and the external management role of PNMAC Capital Management, a wholly owned PFSI subsidiary.
Summary not available.
PennyMac Mortgage Investment Trust (NYSE: PMT) announced the appointment of Donna Corley to its Board of Trustees, effective June 1, 2023. Corley, former Executive VP and Head of Single-Family Business at Freddie Mac, brings nearly 30 years of experience in capital markets and mortgage credit management. She oversaw a mortgage assets portfolio of nearly $3 trillion during her tenure. In conjunction, Marianne Sullivan will step down from the Board, concluding her service since 2017. Chairman and CEO David Spector expressed enthusiasm for Corley's insights and gratitude for Sullivan's contributions. PennyMac primarily invests in residential mortgage loans and is externally managed by PNMAC Capital Management, a subsidiary of PennyMac Financial Services (NYSE: PFSI).
PennyMac Mortgage Investment Trust (NYSE: PMT) will announce its quarterly results for the period ending March 31, 2023, after the market closes on April 27, 2023. Investors can access the results via a news release on their official website, pmt.pennymac.com. A recorded presentation by the company's executives will accompany the release, providing insights into the financial performance during the quarter. For those unable to access the site, arrangements can be made through the Investor Relations department to receive the slide presentation. PennyMac focuses on investing primarily in residential mortgage loans and related assets, and is externally managed by PNMAC Capital Management, a subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI).
PennyMac Financial Services, Inc. (NYSE: PFSI) will announce its quarterly results for the period ending March 31, 2023, on April 27, 2023, after market close. A recorded presentation by executives will review these results, available online alongside the news release. PennyMac, a leader in the U.S. mortgage industry, originated $109 billion in loans in 2022 and services $552 billion in loans, ranking third and fifth, respectively, among mortgage lenders and servicers. The company's commitment to transparency is underscored by providing access to the presentation for those unable to visit their website. For further inquiries, interested parties may contact the Investor Relations department directly.
Pennymac announced its aim to raise $1 million for the UCLA Neuro-Oncology Program in memory of its founder, Stanford L. Kurland. The second annual Stanford L. Kurland Memorial Golf Classic will take place on July 23-24, 2023, featuring a reception and a golf event at Sherwood Country Club. The funds will support brain cancer research, inspired by Kurland’s personal battle with an inoperable brain tumor since 2020. UCLA has recently developed ERAS-801, a promising treatment for aggressive brain cancer. The initiative aims to continue Kurland's legacy and contribute significantly to ongoing research efforts.
PennyMac Mortgage Investment Trust (NYSE: PMT) has declared a cash dividend of $0.40 per common share for Q1 2023, payable on April 28, 2023, to shareholders of record by April 14, 2023. This decision reflects the company's confidence in its financial stability and its commitment to returning value to shareholders. PMT primarily invests in residential mortgage loans and mortgage-related assets, managed externally by PennyMac Financial Services, Inc. (NYSE: PFSI).
PennyMac Mortgage Investment Trust (NYSE: PMT) has announced the election of Doug Jones to its Board of Trustees, effective March 7, 2023. Jones, who is the President and Chief Mortgage Banking Officer, has been with the company since 2011 and has played a significant role in its growth to become the largest correspondent lender in the U.S., supporting approximately 800 independent mortgage companies, community banks, and credit unions. His extensive experience includes prior executive roles at Countrywide Financial and Bank of America. PennyMac focuses on investing in residential mortgage loans and mortgage-related assets.
PennyMac Financial Services (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) have announced the resignation of Vandy Fartaj as Senior Managing Director and Chief Investment Officer. Fartaj departs after nearly 15 years with the firm, credited with pioneering key initiatives in credit risk and mortgage servicing. William Chang has been appointed to succeed him, bringing over a decade of experience at PennyMac, where he held various senior roles, including Deputy Chief Investment Officer. Chairman David Spector expressed confidence in Chang's leadership amid evolving market opportunities.
PennyMac Financial Services, Inc. (NYSE: PFSI) announced that Doug Jones has joined its Board of Directors effective March 1, 2023. As President and Chief Mortgage Banking Officer, he oversees loan production and servicing operations and has been with the company since 2011. Chairman and CEO David Spector expressed confidence in Jones' contributions to the company's growth and success in the mortgage banking sector. Jones previously held executive roles at Countrywide Financial and Bank of America, adding significant experience to PennyMac's leadership. The company is recognized as a leader in the U.S. mortgage market, with $109 billion in new loans originated in 2022.
PennyMac Mortgage Investment Trust (NYSE: PMT) announced cash dividends for Q1 2023 on its preferred shares. The dividends are as follows:
- PMT PrA: $0.507813, 8.125%, Record Date: March 1, Payment Date: March 15
- PMT PrB: $0.500000, 8.000%, Record Date: March 1, Payment Date: March 15
- PMT PrC: $0.421875, 6.750%, Record Date: March 1, Payment Date: March 15
This distribution reflects the company's commitment to its shareholders amidst ongoing mortgage market challenges.