Dan Perotti, PennyMac’s chief financial officer, said during the company’s earnings call that the net income results included $1 million of fair value gains on mortgage servicing rights (MSRs), the net of... Read more »
In what has become a familiar fall ritual, mortgage lenders are increasing their conforming loan limits months ahead of the FHFA’s official announcement. On Friday, Rocket Pro TPO and Pennymac both announced... Read more »
California-based Pennymac Financial Services has hired Kristy Dickey, a former executive at Citizens Bank, as first vice president of TPO sales. Dickey will be responsible for growing the lender’s broker division and... Read more »
Nonbank mortgage lender and servicer Pennymac Financial Services issued pink slips to more than 80 employees in November as it faced tough headwinds in 2023. A total of 84 staff were affected... Read more »
California-based Pennymac Financial Services’s broker division, Pennymac TPO, launched a home equity loan product as tappable home equity nears its 2022 peak. “Pennymac’s broker partners can now offer their clients a home... Read more »