Articles from PennyMac Financial Services, Inc.

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $104.5 million for the fourth quarter of 2024, or $1.95 per share on a diluted basis, on revenue of $470.1 million. Book value per share increased to $74.54 from $72.95 at September 30, 2024.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter and year ended December 31, 2024, in a news release to be issued after the market close on Thursday, January 30, 2025. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the results.

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $69.4 million for the third quarter of 2024, or $1.30 per share on a diluted basis, on revenue of $411.8 million. Book value per share increased to $72.95 from $71.76 at June 30, 2024.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter ended September 30, 2024, in a news release to be issued after the market close on Tuesday, October 22, 2024. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the results.

PennyMac Financial Services, Inc. (NYSEPFSI) announced today that Sunil Chandra, a technology and financial services expert, has joined its Board of Directors and that James Hunt and Emily Youssouf will retire effective December 31, 2024.

PennyMac Financial Services, Inc. (NYSEPFSI) announced today that it will present jointly with PennyMac Mortgage Investment Trust NYSE: PMTNYSEPMT)

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $98.3 million for the second quarter of 2024, or $1.85 per share on a diluted basis, on revenue of $406.1 million. Book value per share increased to $71.76 from $70.13 at March 31, 2024.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter ended June 30, 2024, in a news release to be issued after the market close on Tuesday, July 23, 2024. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the results.

PennyMac Financial Services, Inc. (NYSEPFSI) (“Pennymac”), today announced its participation in the U.S. Army Partnership for Your Success (PaYS) program. This collaboration marks a significant milestone in the commitment Pennymac has made to support military veterans as they transition into the civilian workforce.

PennyMac Financial Services, Inc. (NYSEPFSI) and its subsidiaries (the “Company”) today announced the pricing of its previously announced offering of $650 million aggregate principal amount of 7.125% Senior Notes due 2030 (the “Notes”). The Notes will bear interest at 7.125% per annum and will mature on November 15, 2030. Interest on the Notes will be payable semi-annually on May 15 and November 15 of each year, beginning on November 15, 2024. 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 to repay borrowings under our secured MSR facilities, other secured indebtedness, and for other general corporate purposes. The offering is expected to close on May 23, 2024, subject to customary closing conditions.

PennyMac Financial Services, Inc. (NYSEPFSI) and its subsidiaries (the “Company”) today announced that it intends to offer $650 million aggregate principal amount of Senior Notes due 2030 (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 to repay borrowings under our secured MSR facilities, other secured indebtedness, and for other general corporate purposes. The offering is subject to market conditions and other factors. The offering will be made solely by means of a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons pursuant to Regulation S under the Securities Act.

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $39.3 million for the first quarter of 2024, or $0.74 per share on a diluted basis, on revenue of $305.7 million. Book value per share decreased to $70.13 from $70.52 at December 31, 2023.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter ended March 31, 2024, in a news release to be issued after the market close on Wednesday, April 24, 2024. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the results.

PennyMac Financial Services, Inc. (NYSEPFSI) (“Pennymac”), today announced the promotions of Jim Follette to Chief Digital Officer and Mike Hogan to Chief Information Officer as they work together to further enhance the customer experience and accelerate growth in Pennymac’s servicing and technology groups.

PennyMac Financial Services, Inc. (NYSEPFSI) today reported a net loss of $36.8 million for the fourth quarter of 2023, or $(0.74) per share on a diluted basis, on revenue of $361.9 million. Book value per share decreased to $70.52 from $71.56 at September 30, 2023.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter and year ended December 31, 2023, in a news release to be issued after the market close on Thursday, February 1, 2024. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the results.

PennyMac Financial Services, Inc. (NYSEPFSI) and its subsidiaries (the “Company”) today announced the pricing of its previously announced offering of $750 million aggregate principal amount of 7.875% Senior Notes due 2029 (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 7.875% per annum and will mature on December 15, 2029. Interest on the Notes will be payable semi-annually on June 15 and December 15 of each year, beginning on June 15, 2024. 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 to repay a portion of the Company’s secured term notes due 2025 and for other general corporate purposes. The offering is expected to close on December 11, 2023, subject to customary closing conditions.

PennyMac Financial Services, Inc. (NYSEPFSI) and its subsidiaries (the “Company”) today announced that it intends to offer $650 million aggregate principal amount of Senior Notes due 2029 (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 to repay a portion of the Company’s secured term notes due 2025 and for other general corporate purposes. The offering is subject to market conditions and other factors. The offering will be made solely by means of a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons pursuant to Regulation S under the Securities Act.

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $92.9 million for the third quarter of 2023, or $1.77 per share on a diluted basis, on revenue of $400.3 million. Book value per share increased to $71.56 from $69.77 at June 30, 2023.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter ended September 30, 2023, in a news release to be issued after the market close on Thursday, October 26, 2023. Management will also host a conference call and live audio webcast at 5:00 p.m. Eastern Time to review the Company’s financial results.

PennyMac Financial Services, Inc. (NYSEPFSI) announced today that it will present jointly with PennyMac Mortgage Investment Trust NYSE: PMTNYSEPMT)

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $58.3 million for the second quarter of 2023, or $1.11 per share on a diluted basis, on revenue of $336.5 million. Book value per share increased to $69.77 from $68.91 at March 31, 2023.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter ended June 30, 2023 in a news release to be issued after the market close on Thursday, July 27, 2023. The release will be available online at pfsi.pennymac.com.

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $30.4 million for the first quarter of 2023, or $0.57 per share on a diluted basis, on revenue of $302.9 million. Book value per share decreased to $68.91 from $69.44 at December 31, 2022.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter ended March 31, 2023 in a news release to be issued after the market close on Thursday, April 27, 2023. The release will be available online at pfsi.pennymac.com.

PennyMac Financial Services, Inc. (NYSEPFSI) announced today that Doug Jones, President and Chief Mortgage Banking Officer, joined its Board of Directors effective March 1, 2023.

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $37.6 million for the fourth quarter of 2022, or $0.71 per share on a diluted basis, on revenue of $340.4 million. Book value per share increased to $69.44 from $68.26 at September 30, 2022.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter and year ended December 31, 2022 in a news release to be issued after the market close on Thursday, February 2, 2023. The release will be available online at pfsi.pennymac.com.

PennyMac Financial Services, Inc. (NYSEPFSI), PennyMac Mortgage Investment Trust NYSE: PMTNYSEPMT)

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $135.1 million for the third quarter of 2022, or $2.46 per share on a diluted basis, on revenue of $476.3 million. Book value per share increased to $68.26 from $65.38 at June 30, 2022.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter ended September 30, 2022 in a news release to be issued after the market close on Thursday, October 27, 2022. The release will be available online at www.ir.pennymacfinancial.com.

PennyMac Financial Services, Inc. (NYSEPFSI) (Pennymac) announced today the launch of POWER+ by Pennymac TPO, its next generation broker technology platform. Brokers will now have more speed and control over the mortgage process to deliver an exceptional experience to their customers and referral partners.

PennyMac Financial Services, Inc. (NYSEPFSI) (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.

PennyMac Financial Services, Inc. (NYSEPFSI) announced today that it will present jointly with PennyMac Mortgage Investment Trust NYSE: PMTNYSEPMT)

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $129.2 million for the second quarter of 2022, or $2.28 per share on a diluted basis, on revenue of $511.5 million. Book value per share increased to $65.38 from $62.19 at March 31, 2022.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter ended June 30, 2022 in a news release to be issued after the market close on Tuesday, August 2, 2022. The release will be available online at www.ir.pennymacfinancial.com.

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $173.6 million for the first quarter of 2022, or $2.94 per share on a diluted basis, on revenue of $657.5 million. Book value per share increased to $62.19 from $60.11 at December 31, 2021.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter ended March 31, 2022 in a news release to be issued after the market close on Thursday, May 5, 2022. The release will be available online at www.ir.pennymacfinancial.com.

PennyMac Financial Services, Inc. (NYSEPFSI) today announced that it will hold its 2022 Annual Meeting of Stockholders at 11:00 a.m. Pacific Time on Tuesday, May 24, 2022 virtually by means of a live webcast. Stockholders of record as of the close of business on March 29, 2022 are entitled to receive notice of, to attend, and to vote at the virtual annual meeting.

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $173.1 million for the fourth quarter of 2021, or $2.79 per share on a diluted basis, on revenue of $693.8 million. Book value per share increased to $60.11 from $58.00 at September 30, 2021.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter and year ended December 31, 2021 in a news release to be issued after the market close on Thursday, February 3, 2022. The release will be available online at www.ir.pennymacfinancial.com.

PennyMac Financial Services, Inc. (NYSEPFSI) (Pennymac) today announced that it is changing the name of its broker direct division to Pennymac TPO. As a part of this rebrand, Pennymac TPO will be investing heavily in its people, technology, products and services to further enable Pennymac partners to reach their business goals and aspirations.

PennyMac Financial Services, Inc. (NYSEPFSI) and PennyMac Mortgage Investment Trust NYSE: PMTNYSEPMT)

PennyMac Financial Services, Inc. (NYSEPFSI) (PennyMac), one of the largest publicly-traded residential mortgage companies in the country, announced today it has appointed Jenny Rhodes as the organization’s Managing Director and Chief Human Resources Officer.

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $249.3 million for the third quarter of 2021, or $3.80 per share on a diluted basis, on revenue of $786.6 million. Book value per share increased to $58.00 from $54.49 at June 30, 2021.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter ended September 30, 2021 in a news release to be issued after the market close on Thursday, November 4, 2021. The release will be available online at www.ir.pennymacfinancial.com.

PennyMac Financial Services, Inc. (NYSEPFSI) (the “Company”) today announced that it has received the requisite consents to implement the Proposed Amendments (as defined below) to the indentures (the “Indentures”) governing its (i) 5.375% Senior Notes due 2025 (the “2025 Notes”) and (ii) 4.250% Senior Notes due 2029 (the “2029 Notes” and together with the 2025 Notes, the “Notes”) in connection with its previously announced solicitations of consents (the “Consent Solicitations”) from holders of the applicable Notes. The Consent Solicitations were made pursuant to a Consent Solicitation Statement, dated September 27, 2021 (as amended or supplemented, the “Consent Solicitation Statement”), to seek consents from holders of Notes to conform the restricted payments covenant and the “permitted investments” definition included in the applicable Indenture (the “Proposed Amendments”) to the restricted payments covenant and “permitted investments” definition, respectively, contained in the indenture governing the Company’s 5.75% Senior Notes due 2031, which were issued on September 16, 2021.

PennyMac Financial Services, Inc. (NYSEPFSI) (the “Company”) today announced that it has extended the expiration date of its previously announced solicitation of consents (the “Consent Solicitations”) from the holders of its (i) 5.375% Senior Notes due 2025 (the “2025 Notes”) and (ii) 4.250% Senior Notes due 2029 (the “2029 Notes” and together with the 2025 Notes, the “Notes”) for the adoption of proposed amendments (the “Proposed Amendments”) to the indentures governing the Notes (the “Indentures”) to conform the restricted payments covenant and the “permitted investments” definition included in the applicable Indenture to the restricted payments covenant and “permitted investments” definition, respectively, contained in the indenture governing the Company’s 5.75% Senior Notes due 2031, which were issued on September 16, 2021. The Consent Solicitations, which were previously scheduled to expire at 5:00 p.m., New York City time, on October 5, 2021, will now expire at 5:00 p.m., New York City time, on October 7, 2021, unless further extended (as so extended, the “Extended Expiration Time”).

PennyMac Financial Services, Inc. (NYSEPFSI) (the “Company”) today announced that it is soliciting consents (the “Consent Solicitations”) from the holders of its (i) 5.375% Senior Notes due 2025 (the “2025 Notes”) and (ii) 4.250% Senior Notes due 2029 (the “2029 Notes” and together with the 2025 Notes, the “Notes”) for the adoption of proposed amendments (the “Proposed Amendments”) to the indentures governing the Notes (the “Indentures”) to conform the restricted payments covenant and the “permitted investments” definition included in the applicable Indenture to the restricted payments covenant and “permitted investments” definition, respectively, contained in the indenture governing the Company’s 5.75% Senior Notes due 2031, which were issued on September 16, 2021 (the “2031 Notes Indenture”). Conforming the restricted payments covenant and the “permitted investments” definition included in the applicable Indenture to the restricted payments covenant and the “permitted investments” definition, respectively, contained in the 2031 Notes Indenture will closely align the restricted payments covenant across the Company’s indentures to other recent senior note issuances by industry peers and current market standards and will align the dollar-denominated baskets in the “permitted investments” definition across the Company’s indentures, but will result in no additional restricted payments capacity and less than $1.0 million of additional permitted investments capacity, in each case, as of the last testing date (June 30, 2021).

PennyMac Financial Services, Inc. (NYSEPFSI) (the “Company”) today announced the pricing of its offering of $500 million aggregate principal amount of 5.750% Senior Notes due 2031 (the “Notes”). The Notes will bear interest at 5.750% per annum and will mature on September 15, 2031. Interest on the Notes will be payable semi-annually on March 15 and September 15 of each year, beginning on March 15, 2022. 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. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include the repayment of the Company’s existing secured warehouse borrowings. The offering is expected to close on September 16, 2021, subject to customary closing conditions.

PennyMac Financial Services, Inc. (NYSEPFSI) (the “Company”) today announced that it intends to offer $500 million aggregate principal amount of Senior Notes due 2031 (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. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include the repayment of the Company’s existing secured warehouse borrowings. The offering is subject to market conditions and other factors. The offering will be made solely by means of a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons pursuant to Regulation S under the Securities Act.

PennyMac Financial Services, Inc. (NYSEPFSI) announced today that its Chairman and Chief Executive Officer, David A. Spector, and Senior Managing Director and Chief Financial Officer, Daniel S. Perotti, will participate in a fireside chat discussion at the Barclays Global Financial Services Conference at 12:45 p.m. Eastern Time on Wednesday, September 15, 2021.

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $204.2 million for the second quarter of 2021, or $2.94 per share on a diluted basis, on revenue of $742.3 million. Book value per share increased to $54.49 from $51.78 at March 31, 2021.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter ended June 30, 2021 in a news release to be issued after the market close on Thursday, August 5, 2021. The release will be available online at www.ir.pennymacfinancial.com.

PennyMac Financial Services, Inc. (NYSEPFSI) today announced an update regarding its combined virtual Investor Day with PennyMac Mortgage Investment Trust NYSE: PMTNYSEPMT)

PennyMac Financial Services, Inc. (NYSEPFSI) today reported net income of $376.9 million for the first quarter of 2021, or $5.15 per share on a diluted basis, on revenue of $944.7 million. Book value per share increased to $51.78 from $47.80 at December 31, 2020.

PennyMac Financial Services, Inc. (NYSEPFSI) will announce results for the quarter ended March 31, 2021 in a news release to be issued after the market close on Thursday, May 6, 2021. The release will be available online at www.ir.pennymacfinancial.com.

PennyMac Financial Services, Inc. (NYSEPFSI) (PennyMac), one of the largest publicly-traded residential mortgage companies in the country, announced today recruitment efforts are underway to hire prospective candidates within the Nashville Metropolitan Area.

PennyMac Financial Services, Inc. (NYSEPFSI) today announced that it will hold its 2021 Annual Meeting of Stockholders at 11:00 a.m. Pacific Daylight Time on Thursday, June 3, 2021 virtually by means of a live webcast. Stockholders of record as of the close of business on April 6, 2021 are entitled to receive notice of, to attend, and to vote at the virtual annual meeting.