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PennyMac Financial Services, Inc. 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... | October 27, 2022
The move will reduce the excess capacity in the field but the effects on servicing are likely to dampen the Federal Housing Administration market, Keefe, Bruyette & Woods said.
The servicing segment's pretax income was almost 80% higher than the fourth quarter, offsetting a more than 90% decline for the production business.
David Stevens: The realignment of the mortgage industry should make us all rethink how we look at lenders by category.
Credit Suisse says these stocks are so promising because most of Wall Street is overlooking the opportunities they present.