PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans. It sources first-lien residential conventional and government-insured or guaranteed mortgage loans. The Servicing segment engages in the servicing of newly originated loans, and execution and management of early buyout transactions and servicing of loans. It performs loan administration, collection, and default management activities, including the collection and remittance of loan payments; response to customer inquiries; accounting for principal and interest; holding custodial funds for the payment of property taxes and insurance premiums; counseling delinquent borrowers; and supervising foreclosures and property dispositions. The Investment Management segment is involved in sourcing, performing diligence, bidding, and closing investment asset acquisitions; managing correspondent production activities for PennyMac Mortgage Investment Trust; and managing acquired assets. The company was founded in 2008 and is headquartered in Westlake Village, California.
IPO Year: 2013
Exchange: NYSE
Website: ir.pennymacfinancial.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/8/2025 | $114.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 7/22/2024 | $102.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 4/9/2024 | $100.00 → $105.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 1/10/2024 | Outperform → Mkt Perform | Keefe Bruyette | |
| 1/10/2024 | $115.00 | Buy | Deutsche Bank |
| 12/6/2023 | $85.00 | Neutral | UBS |
| 12/6/2023 | $13.50 | Neutral | UBS |
| 11/15/2023 | $82.00 | Overweight | Barclays |
| 10/2/2023 | $77.00 → $81.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 7/17/2023 | $85.00 | Buy | Jefferies |
4 - PennyMac Financial Services, Inc. (0001745916) (Issuer)
4 - PennyMac Financial Services, Inc. (0001745916) (Issuer)
4 - PennyMac Financial Services, Inc. (0001745916) (Issuer)
4 - PennyMac Financial Services, Inc. (0001745916) (Issuer)
4 - PennyMac Financial Services, Inc. (0001745916) (Issuer)
4 - PennyMac Financial Services, Inc. (0001745916) (Issuer)
4 - PennyMac Financial Services, Inc. (0001745916) (Issuer)
4 - PennyMac Financial Services, Inc. (0001745916) (Issuer)
4 - PennyMac Financial Services, Inc. (0001745916) (Issuer)
4 - PennyMac Financial Services, Inc. (0001745916) (Issuer)
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PennyMac Financial Services, Inc. (NYSE:PFSI) and its subsidiaries (the "Company") today announced the pricing of its previously announced offering of $850 million aggregate principal amount of 6.875% Senior Notes due 2032 (the "Notes"). The offering size was increased from the previously announced offering size of $650 million aggregate principal amount of Notes. The Notes will bear interest at 6.875% per annum and will mature on May 15, 2032. Interest on the Notes will be payable semi-annually on May 15 and November 15 of each year, beginning on November 15, 2025. The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company's existing and future wholl
PennyMac Financial Services, Inc. (NYSE:PFSI) and its subsidiaries (the "Company") today announced that it intends to offer $650 million aggregate principal amount of Senior Notes due 2032 (the "Notes"). The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company's existing and future wholly owned domestic subsidiaries, other than certain excluded subsidiaries. Proceeds from the offering, together with cash on hand, will be used for the redemption of the Company's 5.375% senior notes due October 2025 and any remaining proceeds will be used for other general corporate purposes. The offering is subject to market conditions and other factors. The offering
PennyMac Financial Services, Inc. (NYSE:PFSI) today reported net income of $76.3 million for the first quarter of 2025, or $1.42 per share on a diluted basis, on revenue of $430.9 million. Book value per share increased to $75.57 from $74.54 at December 31, 2024. PFSI's Board of Directors declared a first quarter cash dividend of $0.30 per share, payable on May 23, 2025, to common stockholders of record as of May 14, 2025. First Quarter 2025 Highlights Pretax income was $104.2 million, down from pretax income of $129.4 million in the prior quarter and up from $43.9 million in the first quarter of 2024 Production segment pretax income was $61.9 million, down from $78.0 million in the p
PennyMac Mortgage Investment Trust (NYSE:PMT) today reported net loss attributable to common shareholders of $0.8 million, or $(0.01) per common share on a diluted basis for the first quarter of 2025, on net investment income of $44.5 million. PMT previously announced a cash dividend for the first quarter of 2025 of $0.40 per common share of beneficial interest, which was declared on March 6, 2025, and will be paid on April 25, 2025, to common shareholders of record as of April 11, 2025. First Quarter 2025 Highlights Financial results: Net loss attributable to common shareholders of $0.8 million; annualized return on average common equity of 0%1 Strong levels of income excluding marke
PennyMac Financial Services, Inc. (NYSE:PFSI) will announce results for the quarter ended March 31, 2025, in a news release to be issued after the market close on Tuesday, April 22, 2025. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the results. The release, webcast, and accompanying materials will be available online at pfsi.pennymac.com. A replay of the webcast will be available shortly after its conclusion. Individuals who are unable to access the website but would like to receive a copy of the materials should contact our Investor Relations department at 818.264.4907. About PennyMac Financial Services, Inc. PennyMac Financial
PennyMac Mortgage Investment Trust (NYSE:PMT) will announce results for the quarter ended March 31, 2025, in a news release to be issued after the market close on Tuesday, April 22, 2025. Management will host a conference call and live audio webcast at 6:00 p.m. Eastern Time to review the results. The release, webcast, and accompanying materials will be available online at pmt.pennymac.com. A replay of the webcast will be available shortly after its conclusion. Individuals who are unable to access the website but would like to receive a copy of the materials should contact our Investor Relations department at 818.224.7028. About PennyMac Mortgage Investment Trust PennyMac Mortgage Inves
PennyMac Financial Services, Inc. (NYSE:PFSI) (Pennymac), one of the largest publicly-traded residential mortgage companies in the country, today announced the appointment of Isaac Boltansky as Managing Director, Head of Public Policy. "Pennymac is pleased to welcome Isaac to our strong team of industry professionals. In moments of industry transformation, it is critical to have leaders who understand the ecosystem with the expertise to shape the future of mortgage lending through thoughtful advocacy," said David Spector, Chairman and CEO at Pennymac. "Isaac's established industry ties, policy expertise and strategic insights will reinforce Pennymac's leadership in the mortgage sector." M
PennyMac Mortgage Investment Trust (NYSE:PMT) announced today that its Board of Trustees declared a cash dividend of $0.40 per common share of beneficial interest for the first quarter of 2025. This dividend will be paid on April 25, 2025, to common shareholders of record as of April 11, 2025. About PennyMac Mortgage Investment Trust PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets. PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. (NYSE:PFSI). Additional information about PennyMac Mortgage Investment
Top National Mortgage Lender and Servicer Becomes Exclusive Mortgage Provider of Team USA and the LA28 Olympic and Paralympic Games Today, PennyMac Financial Services, Inc. (NYSE:PFSI) and PennyMac Mortgage Investment Trust (NYSE:PMT) (collectively "Pennymac" or "the companies") proudly announce that Pennymac has been named the exclusive Official Mortgage Supporter of the 2026 and 2028 U.S. Olympic and Paralympic Teams and a Proud Supporter of the LA28 Olympic and Paralympic Games. Championing this step forward, Team USA is forging a first-of-its-kind partnership with a mortgage lender. This press release features multimedia. View the full release here: https://www.businesswire.com/news/ho
PennyMac Mortgage Investment Trust (NYSE:PMT) announced today that its Board of Trustees has declared cash dividends for the first quarter of 2025 on its 8.125% Series A Preferred Shares (NYSE:PMT), its 8.000% Series B Preferred Shares (NYSE:PMT) and its 6.750% Series C Preferred Shares (NYSE:PMT). In accordance with the terms for each preferred series, the dividend information is as follows: Series Ticker AnnualDividend Rate Dividend PerShare Record Date Payment Date A PMT PRA 8.125% $0.507813 March 1, 2025* March 17, 2025 B PMT PRB 8.000% $0.500000 March 1, 2025* March 17, 2025 C PMT PRC 6.750% $0.421875
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8-K - PennyMac Financial Services, Inc. (0001745916) (Filer)
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144 - PennyMac Financial Services, Inc. (0001745916) (Subject)
144 - PennyMac Financial Services, Inc. (0001745916) (Subject)
144 - PennyMac Financial Services, Inc. (0001745916) (Subject)
PennyMac Financial Services, Inc. (NYSE:PFSI) (Pennymac), one of the largest publicly-traded residential mortgage companies in the country, today announced the appointment of Isaac Boltansky as Managing Director, Head of Public Policy. "Pennymac is pleased to welcome Isaac to our strong team of industry professionals. In moments of industry transformation, it is critical to have leaders who understand the ecosystem with the expertise to shape the future of mortgage lending through thoughtful advocacy," said David Spector, Chairman and CEO at Pennymac. "Isaac's established industry ties, policy expertise and strategic insights will reinforce Pennymac's leadership in the mortgage sector." M
Top Mortgage Lender Appoints Business and Technology Executive to Lead Key Efforts in Technology Solutions, While Providing a Superb Customer Experience for its Correspondent and Broker Partners PennyMac Financial Services, Inc. (NYSE:PFSI) (Pennymac) announced today the appointment of Jerry Halbrook as the organization's Chief Mortgage Innovation Officer. With decades of Fintech experience, Mr. Halbrook will develop and launch new technology solutions, preparing the company for future innovations while enhancing Pennymac's business model. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221003005240/en/Jerry Halbrook, Chief Mortg
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today announced the appointment of Doug Jones as President and Chief Mortgage Banking Officer. Mr. Jones had previously served as the Company’s Senior Managing Director and Chief Mortgage Banking Officer, as well as President of PennyMac Loan Services, the Company’s mortgage banking subsidiary. In his new role, Mr. Jones continues to be responsible for all activities relating to the Company’s loan production and loan servicing businesses. “I am pleased to announce this promotion for Doug, which reflects the Company’s continued focus on succession planning,” said PFSI Chairman and CEO David A
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today announced the appointment of Doug Jones as President and Chief Mortgage Banking Officer, in conjunction with a similar announcement today by PennyMac Financial Services, Inc. (NYSE: PFSI), PMT’s manager and service provider. Mr. Jones had previously served as PMT’s Senior Managing Director and Chief Mortgage Banking Officer. In his new role, Mr. Jones continues to be responsible for all activities relating to the Company’s loan production and loan servicing businesses. “I am pleased to announce this promotion for Doug, which reflects the Company’s continued focus on succession planning,”
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today announced the appointment of David A. Spector as Chairman of the Board. Mr. Spector will continue to serve as Chief Executive Officer. The company also announced that Jonathon S. Jacobson, Founder of HighSage Ventures, has joined the Board of Directors. “I am honored that the Board has entrusted me with this additional responsibility, and I am excited to continue leading this great company forward,” said PFSI Chairman and CEO David A. Spector. “I am also pleased to announce that Jon Jacobson has agreed to join our Board. As an original sponsor of PennyMac when it was founded in 2008, J
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today announced the appointment of David A. Spector as Chairman of the Board. Mr. Spector will continue to serve as Chief Executive Officer. “I am honored that the Board has entrusted me with this additional responsibility, and I am excited to continue leading this great company forward,” said PMT Chairman and CEO David A. Spector. “I would also like to take this opportunity to thank the Board and its Independent Lead Trustee, Preston DuFauchard, for their continued leadership, especially through the unique challenges of the past year.” About PennyMac Mortgage Investment Trust PennyMac Mortg
PennyMac Financial Services, Inc. (NYSE:PFSI) and its subsidiaries (the "Company") today announced the pricing of its previously announced offering of $850 million aggregate principal amount of 6.875% Senior Notes due 2032 (the "Notes"). The offering size was increased from the previously announced offering size of $650 million aggregate principal amount of Notes. The Notes will bear interest at 6.875% per annum and will mature on May 15, 2032. Interest on the Notes will be payable semi-annually on May 15 and November 15 of each year, beginning on November 15, 2025. The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company's existing and future wholl
PennyMac Financial Services, Inc. (NYSE:PFSI) and its subsidiaries (the "Company") today announced that it intends to offer $650 million aggregate principal amount of Senior Notes due 2032 (the "Notes"). The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company's existing and future wholly owned domestic subsidiaries, other than certain excluded subsidiaries. Proceeds from the offering, together with cash on hand, will be used for the redemption of the Company's 5.375% senior notes due October 2025 and any remaining proceeds will be used for other general corporate purposes. The offering is subject to market conditions and other factors. The offering
PennyMac Financial Services, Inc. (NYSE:PFSI) today reported net income of $76.3 million for the first quarter of 2025, or $1.42 per share on a diluted basis, on revenue of $430.9 million. Book value per share increased to $75.57 from $74.54 at December 31, 2024. PFSI's Board of Directors declared a first quarter cash dividend of $0.30 per share, payable on May 23, 2025, to common stockholders of record as of May 14, 2025. First Quarter 2025 Highlights Pretax income was $104.2 million, down from pretax income of $129.4 million in the prior quarter and up from $43.9 million in the first quarter of 2024 Production segment pretax income was $61.9 million, down from $78.0 million in the p
PennyMac Mortgage Investment Trust (NYSE:PMT) today reported net loss attributable to common shareholders of $0.8 million, or $(0.01) per common share on a diluted basis for the first quarter of 2025, on net investment income of $44.5 million. PMT previously announced a cash dividend for the first quarter of 2025 of $0.40 per common share of beneficial interest, which was declared on March 6, 2025, and will be paid on April 25, 2025, to common shareholders of record as of April 11, 2025. First Quarter 2025 Highlights Financial results: Net loss attributable to common shareholders of $0.8 million; annualized return on average common equity of 0%1 Strong levels of income excluding marke
PennyMac Financial Services, Inc. (NYSE:PFSI) will announce results for the quarter ended March 31, 2025, in a news release to be issued after the market close on Tuesday, April 22, 2025. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the results. The release, webcast, and accompanying materials will be available online at pfsi.pennymac.com. A replay of the webcast will be available shortly after its conclusion. Individuals who are unable to access the website but would like to receive a copy of the materials should contact our Investor Relations department at 818.264.4907. About PennyMac Financial Services, Inc. PennyMac Financial
PennyMac Mortgage Investment Trust (NYSE:PMT) will announce results for the quarter ended March 31, 2025, in a news release to be issued after the market close on Tuesday, April 22, 2025. Management will host a conference call and live audio webcast at 6:00 p.m. Eastern Time to review the results. The release, webcast, and accompanying materials will be available online at pmt.pennymac.com. A replay of the webcast will be available shortly after its conclusion. Individuals who are unable to access the website but would like to receive a copy of the materials should contact our Investor Relations department at 818.224.7028. About PennyMac Mortgage Investment Trust PennyMac Mortgage Inves
PennyMac Mortgage Investment Trust (NYSE:PMT) announced today that its Board of Trustees declared a cash dividend of $0.40 per common share of beneficial interest for the first quarter of 2025. This dividend will be paid on April 25, 2025, to common shareholders of record as of April 11, 2025. About PennyMac Mortgage Investment Trust PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets. PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. (NYSE:PFSI). Additional information about PennyMac Mortgage Investment
PennyMac Mortgage Investment Trust (NYSE:PMT) announced today that its Board of Trustees has declared cash dividends for the first quarter of 2025 on its 8.125% Series A Preferred Shares (NYSE:PMT), its 8.000% Series B Preferred Shares (NYSE:PMT) and its 6.750% Series C Preferred Shares (NYSE:PMT). In accordance with the terms for each preferred series, the dividend information is as follows: Series Ticker AnnualDividend Rate Dividend PerShare Record Date Payment Date A PMT PRA 8.125% $0.507813 March 1, 2025* March 17, 2025 B PMT PRB 8.000% $0.500000 March 1, 2025* March 17, 2025 C PMT PRC 6.750% $0.421875
PennyMac Financial Services, Inc. (NYSE:PFSI) and its subsidiaries (the "Company") today announced the pricing of its previously announced offering of $850 million aggregate principal amount of 6.875% Senior Notes due 2033 (the "Notes"). The offering size was increased from the previously announced offering size of $650 million aggregate principal amount of Notes. The Notes will bear interest at 6.875% per annum and will mature on February 15, 2033. Interest on the Notes will be payable semi-annually on February 15 and August 15 of each year, beginning on August 15, 2025. The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company's existing and future
PennyMac Financial Services, Inc. (NYSE:PFSI) and its subsidiaries (the "Company") today announced that it intends to offer $650 million aggregate principal amount of Senior Notes due 2033 (the "Notes"). The Notes will be fully and unconditionally guaranteed on an unsecured senior basis by the Company's existing and future wholly owned domestic subsidiaries, other than certain excluded subsidiaries. Proceeds from the offering will be used for the repayment of certain of our indebtedness, which may include the repayment of borrowings under our secured MSR facilities and other secured indebtedness, for the repurchase or repayment of a portion of our 5.375% senior notes due October 2025, and f
Keefe Bruyette upgraded PennyMac from Mkt Perform to Outperform and set a new price target of $114.00
Keefe Bruyette downgraded PennyMac from Outperform to Mkt Perform and set a new price target of $102.00
Keefe Bruyette upgraded PennyMac from Mkt Perform to Outperform and set a new price target of $105.00 from $100.00 previously
Keefe Bruyette downgraded PennyMac from Outperform to Mkt Perform
Deutsche Bank initiated coverage of PennyMac with a rating of Buy and set a new price target of $115.00
UBS initiated coverage of PennyMac with a rating of Neutral and set a new price target of $85.00
UBS initiated coverage of PennyMac with a rating of Neutral and set a new price target of $13.50
Barclays initiated coverage of PennyMac with a rating of Overweight and set a new price target of $82.00
Keefe Bruyette upgraded PennyMac from Mkt Perform to Outperform and set a new price target of $81.00 from $77.00 previously
Jefferies initiated coverage of PennyMac with a rating of Buy and set a new price target of $85.00