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Pennymac raises $750M in unsecured debt

Pennymac Financial Services raised $750 million in unsecured debt with qualified institutional investors, 15% more than it initially expected.

Pennymac financial servicesExchange commissionCalifornia based pennymac financial servicesFreedom mortgage

Pennymac rolls out new home equity loan product for broker partners

Financial Services’ broker division Pennymac TPO launched a home equity loan product as tappable home equity nears its 2022 peak.

Exchange commissionPennymac financial servicesMortgage technologyCalifornia based pennymac financial services

Pennymac increases profits to $58M in Q2

California-based Pennymac Financial Services increased its profits by 92% in the second quarter of 2023 from the prior quarter.

David spectorDan perottiPennymac financial servicesExchange commissionCalifornia based pennymac financial services

Pennymac delivers $30M profit in Q1

California-based Pennymac Financial Services reported servicing portfolio gains that offset losses with origination activity in Q1 2023.

Dan perottiDavid spectorPennymac financial servicesWells fargoCalifornia based pennymac financial services

Pennymac sticks to its strategy as the market continues to shrink

The California-based Pennymac Financial Services executives rightsized the company and invested in its servicing portfolio in 2022.

Doug jonesDavid spectorWarren kornfeldPennymac financial servicesWells fargoCalifornia based pennymac financial services

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