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Chairman and CEO David Spector outlines AI roadmap as servicing portfolio nears $700B
Loan acquisitions fell 18% in Q1; EPS missed forecasts by $0.40; $1B in new securitizations completed
Boltansky to enhance PennyMac's relationships with government officials and industry stakeholders
Despite a hefty hedging loss, annual gains look to outweigh quarterly losses
Improved profitability expected for largest nonbank mortgage lenders — if higher origination volumes actually materialize.
While monthly principal, interest, and property tax obligations are up an average 15-17% since the beginning of 2020, the average monthly property insurance payment is up a staggering 52% over that same period.
