Pennymac posts $29M profit amid expense cuts, upcoming leadership changes
Company announces pending retirement of president Doug Jones, while CSO Kevin Ryan will replace Dan Perotti as CFO
PennyMac
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Pennymac deploys VantageScore 4.0 across all production channels
The move follows FHFA and HUD guidance that opened conventional and FHA lending to competing credit score models
Pennymac profit drops in Q2 as rates bite, layoffs follow
Pennymac posted Q2 net income of $22 million, down 84% YoY, as lock volume fell 18% and adjusted ROE slipped to 7%.
PennyMac Q1 earnings: Strong mortgage production offsets weaker servicing results
PennyMac earned $82.3M in Q1, adjusted $117.7M. Production pretax income rose, while MSR hedges hit servicing.
The Gathering: How is AI reshaping mortgage lending and servicing?
Pennymac, Fairway and CreditXpert highlight ways for AI to positively impact the mortgage process for current or prospective borrowers.
Exclusive: Pennymac to acquire subservicing giant Cenlar for $257.5M
Pennymac’s first M&A deal adds 2 million loans and expands its mortgage servicing to more than $1 trillion in unpaid principal balance.
Pennymac leader on policy shifts to ease homeownership barriers
As Congress prepares for hearings on mortgage finance and affordability, industry leaders are bracing for months of policy debate.
PennyMac reports Q4 profit of $107M as origination growth offsets MSR runoff
PennyMac’s Q4 2025 net income reached $106.8M as higher mortgage production offset servicing income declines from prepayments.
Pennymac posts Q3 profit of $181M, fueled by servicing strength
PennyMac Financial Services reports a 33% profit increase in Q3 2025, driven by strong revenue growth and strategic initiatives.
Tech Pulse: AI for real estate teams; Tech Trendsetter shares insights
Small real estate team leaders speak on best artificial intelligence practices, and a Tech Trendsetter delves into lending agent automation.