PennyMac Posts Profitable Q2 2024 Earnings
The company more than doubled the $39.3 million of earnings it generated in the first quarter.
Tagged: PennyMac
PennyMac Posts Solid Q2 Results Amid Market Volatility
Diversified business model, rising production volumes, and large servicing portfolio propel the company to profitability.
PennyMac Financial Q1 Profit Down 82.5% YOY
Loan originations are down but servicing portfolio continues to grow.
PennyMac’s Chief Investment Officer Resigns
Vandy Fartaj stepping down to be replaced by company vet William Chang
Doug Jones Joins PennyMac Financial Services Board
His appointment is effective March 1.
Pennymac TPO Introduces POWER+ Broker Platform
Wholesale lender says platform reduces processing time from loan creation to credit submission by as much as 40%.
PennyMac Financial Services Appoints New Chief Mortgage Innovation Officer
Jerry Halbrook brings a long record of fintech service to his new position.
PennyMac 2Q Earnings Down Nearly 37% YOY
Following three rounds of layoffs that eliminated 475 jobs, PennyMac says production segment income was down 96% YOY.