PennyMac Financial Services, Inc. - PFSI STOCK NEWS

PennyMac Financial Services, Inc. (NYSE: PFSI) will release its quarterly results on May 5, 2022, after market close. The details will be available on their website, alongside a recorded presentation by executives. As of December 31, 2021, PennyMac originated $234 billion in loans, ranking as the second largest mortgage lender in the U.S. Additionally, they serviced loans totaling $510 billion, making them one of the top ten mortgage servicers in the country. For further information, interested parties can contact Investor Relations.

PennyMac Mortgage Investment Trust (NYSE: PMT) will hold its 2022 Annual Meeting of Shareholders virtually on June 1, 2022, at 11:00 a.m. Pacific Time. Shareholders of record as of April 5, 2022, can attend and vote at the meeting. Participants can join via www.virtualshareholdermeeting.com/PMT2022 using their control number. Shareholders are encouraged to vote in advance, with additional information available in the proxy materials.

PennyMac Financial Services, Inc. announced that its 2022 Annual Meeting of Stockholders will be held virtually on May 24, 2022, at 11:00 a.m. Pacific Time. Stockholders of record by March 29, 2022 can attend and vote. Participation details are provided through a webcast link where stockholders can also submit questions beforehand. PennyMac is recognized as a leader in the U.S. residential mortgage industry, with $234 billion in newly originated loans in 2021, making it the second-largest mortgage lender.

PennyMac Mortgage Investment Trust (NYSE: PMT) has appointed Catherine A. Lynch, former CEO of the National Railroad Retirement Investment Trust, to its Board of Trustees. David A. Spector, Chairman and CEO, expressed enthusiasm for her extensive experience in investment strategies, which is expected to provide valuable insights to PMT. Lynch's notable contributions include developing investment procedures and strategies for various organizations. PennyMac primarily invests in residential mortgage loans and mortgage-related assets, and is externally managed by PNMAC Capital Management, a subsidiary of PennyMac Financial Services (NYSE: PFSI).

PennyMac Mortgage Investment Trust (NYSE: PMT) has declared a cash dividend of $0.47 per common share for the first quarter of 2022. The dividend will be distributed on April 28, 2022, to shareholders on record as of April 15, 2022. PMT is a real estate investment trust primarily focusing on residential mortgage loans. The announcement reflects the company’s ongoing commitment to return value to its shareholders amid current market conditions.

PennyMac Financial Services (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT) launched the "Greatness Lives Here" brand campaign aimed at empowering homeowners and clients. The initiative emphasizes the importance of homeownership in achieving life milestones and aims to reach new audiences nationwide through various advertising channels. Since its inception in 2008, PennyMac has serviced over $1 trillion in loans and is recognized as a leader in the U.S. mortgage industry, ranking as a top lender and servicer.

PennyMac Mortgage Investment Trust (NYSE: PMT) has declared cash dividends for Q1 2022 on its preferred shares. The dividends are as follows: Series A Preferred Shares (8.125%, $0.507813, record date March 1, 2022, payment date March 15, 2022), Series B Preferred Shares (8.000%, $0.500000, record date March 1, 2022, payment date March 15, 2022), and Series C Preferred Shares (6.750%, $0.421875, record date March 1, 2022, payment date March 15, 2022). This decision indicates ongoing confidence in the company's financial stability and commitment to returning value to shareholders.

PennyMac Financial Services reported a net income of $173.1 million for Q4 2021, equating to $2.79 per share, with revenues reaching $693.8 million. The book value per share rose to $60.11. However, pretax income saw a 31% decline from the previous quarter and a 62% decrease compared to Q4 2020. The company declared a $0.20 per share cash dividend payable on February 25, 2022. Notably, the production segment's pretax income fell 68% quarter-over-quarter, while the servicing segment saw a growth in pretax income, indicating mixed performance across segments.

PennyMac Mortgage Investment Trust (NYSE: PMT) reported a net loss of $27.3 million for Q4 2021, equating to $(0.28) per diluted share, on net investment income of $49.5 million. This loss contrasts with a previous quarter's loss of $43.9 million. Noteworthy highlights include a cash dividend of $0.47 per share and a decline in book value per share to $19.05. The company's correspondent production volumes fell significantly, down 40% from Q3 2021. However, PMT witnessed robust performance in GSE CRT investments. Overall, net income for the full year was $56.9 million, up from $52.4 million in 2020.