Net income was $453 million or diluted earnings per share of $5.97 resulting in book value growth per share of 15% to $47.80, up from $41.67 at the end of the prior quarter. The company reported a net income of $1 billion in 2021, down from a record of $1.6 billion in the previous year. This performance added to a remarkable year that saw PFSI achieve a return on equity of 62% with almost $200 billion in UPB of loans funded. Finally, Barclays lifted their price objective on PennyMac Financial Services from $58.00 to $69.00 and gave the company an equal weight rating in a report on Friday, February 3rd. Servicing advances outstanding decreased to approximately $424 million at June 30 from $437 million at March 31. Other restrictions apply. What is David Spector's role in PennyMac Mortgage? A free inside look at company reviews and salaries posted anonymously by employees. While our servicing group was aiding borrowers, our corporate groups were ensuring our capital and liquidity were protected. Ready to apply or complete your application? President & CEO David Spector sold 30,000 shares of PFSI stock on 01/12/2021 at the average price of $57.43. Being one of the Find contact details for 700 million professionals. We are growing our best-in class tools and solutions we provide our brokers with to further enhance their self-service capabilities. Copyright 2023 Surperformance. PFSI's Investment Management segment delivered increased profitability as a result of incentive fees earned based on PMT's profitability over the last 4 quarters. And I'm pleased to be joined by PennyMac Financial Services CEO,. The stock was sold at an average price of $58.12, for a total value of $741,030.00. David Spector - Chief Investment Officer at Pennymac Loan Services, Llc PennyMac Financial Services Inc provides mortgage loans to customers in the United States. Before we begin, let me remind you that our discussion contains forwardlooking statements that are subject to risks identified on Slide 2 that could cause our actual results to differ materially, as well as certain non-GAAP measures that have been reconciled to their GAAP equivalent. Schonfeld Strategic Advisors LLC now owns 60,866 shares of the real estate investment trusts stock worth $3,449,000 after purchasing an additional 54,266 shares during the last quarter. the company. This expertise and experience has served us well, enhancing our ability to help many borrowers affected by the COVID-19 pandemic. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Arizona Mortgage Banker License # 0911088. No cash balance or cash flow is included in the calculation.
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