PennyMac Sees Originations Gain, Eyes Automation Despite Earnings Miss
Chairman and CEO David Spector outlines AI roadmap as servicing portfolio nears $700B
Tagged: PennyMac
Despite Earnings Miss, PennyMac Sees Opportunity In Credit Markets
Loan acquisitions fell 18% in Q1; EPS missed forecasts by $0.40; $1B in new securitizations completed
PennyMac Hires Isaac Boltansky As Managing Director, Head Of Public Policy
Boltansky to enhance PennyMac's relationships with government officials and industry stakeholders
Wholesale Gains For Pennymac In Fourth Quarter
Despite a hefty hedging loss, annual gains look to outweigh quarterly losses
Mortgage Market Consolidates As Volatility Heightens
Improved profitability expected for largest nonbank mortgage lenders — if higher origination volumes actually materialize.
Insurance Crisis Hits Lenders' Bottom Lines
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.
PennyMac Financial Reports Third Quarter Income Of $69.4 Million
The company saw direct-to-consumer and broker originations rise but servicing revenues fall, as rates declined from July to September.
Mortgage CFOs, CIOs: Rate Relief A Long Way Off
Eager for relief but fearing further losses, industry executives offer insights on a volatile mortgage market in transition.
Pennymac Shakes Up Capital Markets Team
William Chang, Pennymac’s long-time capital markets leader, to "pursue other interests in the mortgage banking industry."
