Pennymac Finl Svcs Inc Stock Price, News & Analysis

PennyMac Mortgage Investment Trust (NYSE: PMT) reported a net loss of $27.3 million for Q4 2021, equating to $(0.28) per diluted share, on net investment income of $49.5 million. This loss contrasts with a previous quarter's loss of $43.9 million. Noteworthy highlights include a cash dividend of $0.47 per share and a decline in book value per share to $19.05. The company's correspondent production volumes fell significantly, down 40% from Q3 2021. However, PMT witnessed robust performance in GSE CRT investments. Overall, net income for the full year was $56.9 million, up from $52.4 million in 2020.

Tavant, a digital lending solutions provider, is collaborating with PennyMac Financial Services (NYSE: PFSI) to integrate Tavant FinDecision into PennyMac’s POWER Portal. This collaboration enhances loan decision-making speed and flexibility through dual Automated Underwriting Systems (AUS). The technology aims to improve operational efficiency by reducing processing times and costs, benefiting both brokers and borrowers. Positive feedback from broker partners highlights the intuitive interface and effective presentation of AUS findings, streamlining the loan closing process.

PennyMac Financial Services, Inc. (NYSE: PFSI) will announce its quarterly and annual results after market close on February 3, 2022, covering the period ending December 31, 2021. The results will be accompanied by a recorded presentation and slides available on their website. PennyMac is a leader in the U.S. mortgage industry, with a production of $257 billion in loans for the year ended September 30, 2021, and servicing $495 billion in loans. The announcement can be accessed at www.ir.pennymacfinancial.com.

PennyMac Mortgage Investment Trust (NYSE: PMT) will release its financial results for the quarter and year ending December 31, 2021, on February 3, 2022, after market close. The release will be accessible on their website. Additionally, company executives will provide a recorded presentation and accompanying slides, also available online at the time of the announcement. Investors seeking further information can contact the Investor Relations department.

PennyMac Financial Services, Inc. (NYSE:PFSI) has rebranded its broker direct division to Pennymac TPO, marking a significant investment in technology, people, and services to support business growth for its partners. The rebranding aims to deepen commitments to broker and non-delegated correspondent partners, enhancing overall service quality. The company also introduced a new technology platform, POWER+, designed to improve operational efficiency and customer experience. PennyMac ranks highly among U.S. mortgage lenders, demonstrating strong market presence.

PennyMac Financial Services, Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) have launched a new branding initiative, marking their fifteenth year in business. The updated brand identity reflects their commitment to customers as a homeownership partner.

The fresh logo represents forward momentum, while significant investments in marketing and technology aim to enhance the customer experience. With over $1 trillion in loans serviced, PennyMac claims the top position as a correspondent aggregator and is known for operational excellence in mortgage lending.

PennyMac Mortgage Investment Trust (NYSE: PMT) declared a cash dividend of $0.47 per common share for the fourth quarter of 2021. This dividend will be payable on January 31, 2022, to shareholders of record as of December 31, 2021. PMT focuses on investing in residential mortgage loans and related assets, managed externally by PNMAC Capital Management, a subsidiary of PennyMac Financial Services (NYSE: PFSI).

PennyMac Financial Services, Inc. (NYSE: PFSI) has appointed Jenny Rhodes as the Managing Director and Chief Human Resources Officer. Rhodes, a seasoned HR professional with nearly 18 years at PNC Bank, will enhance the company's human resources strategy, focusing on talent acquisition and employee development. David Spector, CEO, highlighted her collaborative approach as crucial for fostering a productive work culture. PennyMac, a leading residential mortgage company, aims to strengthen its workforce to ensure sustainable business growth.

PennyMac Financial Services (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) announced that Andrew S. Chang will step down as Senior Managing Director and COO effective December 31, 2021. He will transition to a role as Special Advisor to the Chairman and CEO, David Spector. Spector praised Chang’s significant contributions since the company’s founding in 2008. In a regulatory filing, it was disclosed that Kurland Family Investments has sold most of its remaining shares of PFSI. As of September 30, 2021, PennyMac is a leading mortgage lender and servicer in the U.S.