PennyMac Loan Services

Freedom Mortgage Becomes Nation's Top VA and FHA Lender Through Commitment to Helping Veterans and Underserved Borrowers

Retrieved on: 
Wednesday, March 17, 2021
Loans, Finance, Money, Mortgage industry of the United States, Financial services, FHA insured loan, Mortgage loan, VA loan, PennyMac Loan Services, HomeBridge Financial Services

"It's an honor to help more homeowners with their VA or FHA loans than any other lender in the country."

Key Points: 
  • "It's an honor to help more homeowners with their VA or FHA loans than any other lender in the country."
  • Last year, Freedom Mortgage originated a total of $72 billion in VA loans and $35 billion in FHA loans.
  • Founded in 1990 and headquartered in Mount Laurel, New Jersey, Freedom Mortgage is a full-service mortgage company that provides mortgage loans through retail, wholesale, and correspondent channels.
  • Freedom Mortgage is the #1 VA and #1 FHA (government-insured) lender in the U.S. (Inside Mortgage Finance, 2020) and one of the mortgage industry's largest philanthropic supporters of the USO of Pennsylvania and Southern New Jersey.

Freedom Mortgage Becomes Nation’s Top VA and FHA Lender Through Commitment to Helping Veterans and Underserved Borrowers

Retrieved on: 
Wednesday, March 17, 2021
Loans, Finance, Mortgage industry of the United States, Money, Financial services, FHA insured loan, Mortgage loan, VA loan, PennyMac Loan Services, HomeBridge Financial Services

Its an honor to help more homeowners with their VA or FHA loans than any other lender in the country.

Key Points: 
  • Its an honor to help more homeowners with their VA or FHA loans than any other lender in the country.
  • Last year, Freedom Mortgage originated a total of $72 billion in VA loans and $35 billion in FHA loans.
  • Founded in 1990 and headquartered in Mount Laurel, New Jersey, Freedom Mortgage is a full-service mortgage company that provides mortgage loans through retail, wholesale, and correspondent channels.
  • Freedom Mortgage is the #1 VA and #1 FHA (government-insured) lender in the U.S. (Inside Mortgage Finance, 2020) and one of the mortgage industrys largest philanthropic supporters of the USO of Pennsylvania and Southern New Jersey.

PennyMac Financial Services, Inc. Announces Appointment of President and Chief Mortgage Banking Officer

Retrieved on: 
Wednesday, March 3, 2021
Banking, Professional services, Finance, Finance, Money, PennyMac Loan Services, Loans, Financial services, Mortgage bank, Mortgage servicer, Mortgage loan, Loan servicing, Black Knight, MortgageIT

PennyMac Financial Services, Inc. (NYSE: PFSI) today announced the appointment of Doug Jones as President and Chief Mortgage Banking Officer.

Key Points: 
  • PennyMac Financial Services, Inc. (NYSE: PFSI) today announced the appointment of Doug Jones as President and Chief Mortgage Banking Officer.
  • Mr. Jones had previously served as the Companys Senior Managing Director and Chief Mortgage Banking Officer, as well as President of PennyMac Loan Services, the Companys mortgage banking subsidiary.
  • PennyMac Financial Services, Inc. is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.
  • As of December 31, 2020, PennyMac Financial serviced loans totaling $427 billion in unpaid principal balance, making it a top ten mortgage servicer in the nation.

PennyMac Mortgage Investment Trust Announces Appointment of President and Chief Mortgage Banking Officer

Retrieved on: 
Wednesday, March 3, 2021
Construction & Property, Professional services, REIT, Finance, PennyMac Loan Services, Service companies, Real estate investment trust, Mortgage loan, Finance, Money, Black Knight

PennyMac Mortgage Investment Trust (NYSE: PMT) today announced the appointment of Doug Jones as President and Chief Mortgage Banking Officer, in conjunction with a similar announcement today by PennyMac Financial Services, Inc. (NYSE: PFSI), PMTs manager and service provider.

Key Points: 
  • PennyMac Mortgage Investment Trust (NYSE: PMT) today announced the appointment of Doug Jones as President and Chief Mortgage Banking Officer, in conjunction with a similar announcement today by PennyMac Financial Services, Inc. (NYSE: PFSI), PMTs manager and service provider.
  • Mr. Jones had previously served as PMTs Senior Managing Director and Chief Mortgage Banking Officer.
  • PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.
  • Additional information about PennyMac Mortgage Investment Trust is available at www.PennyMac-REIT.com .

PennyMac Mortgage Investment Trust Upsizes and Prices Private Placement of $300 Million of Exchangeable Senior Notes

Retrieved on: 
Wednesday, March 3, 2021
Professional services, Residential Building & Real Estate, Finance, Construction & Property, REIT, Banking, Money, Finance, Economy, Debt, Financial law, Senior debt, Mortgage loan, PennyMac Loan Services, United States housing bubble

PennyMac Mortgage Investment Trust (NYSE: PMT) (PMT or the Company) today announced the upsizing and pricing of a private offering by its indirect wholly-owned subsidiary, PennyMac Corp., of $300 million aggregate principal amount of its Exchangeable Senior Notes due 2026 (the Notes).

Key Points: 
  • PennyMac Mortgage Investment Trust (NYSE: PMT) (PMT or the Company) today announced the upsizing and pricing of a private offering by its indirect wholly-owned subsidiary, PennyMac Corp., of $300 million aggregate principal amount of its Exchangeable Senior Notes due 2026 (the Notes).
  • The initial purchasers have a 13-day option to purchase up to an additional $45 million aggregate principal amount of Notes from PennyMac Corp.
  • The Notes will be PennyMac Corp.s senior unsecured obligations and will rank equally with all of its present and future senior unsecured debt and senior to any future subordinated debt.
  • PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.

PennyMac Mortgage Investment Trust Announces Proposed Private Placement of Exchangeable Senior Notes

Retrieved on: 
Monday, March 1, 2021
REIT, Finance, Banking, Professional services, Construction & Property, Money, Finance, Economy, Debt, Financial law, Loans, Business law, Subordination, Mortgage loan, Secured loan, Senior debt, PennyMac Loan Services

PennyMac Mortgage Investment Trust (NYSE: PMT) (PMT or the Company) today announced that its indirect wholly-owned subsidiary, PennyMac Corp., plans to make a private offering of $200 million aggregate principal amount of its Exchangeable Senior Notes due 2026 (the Notes).

Key Points: 
  • PennyMac Mortgage Investment Trust (NYSE: PMT) (PMT or the Company) today announced that its indirect wholly-owned subsidiary, PennyMac Corp., plans to make a private offering of $200 million aggregate principal amount of its Exchangeable Senior Notes due 2026 (the Notes).
  • The Notes will be fully and unconditionally guaranteed by PMT and exchangeable for cash, PMTs common shares of beneficial interest (Common Shares) or a combination thereof, at PennyMac Corp.s election.
  • The Notes will be PennyMac Corp.s senior unsecured obligations and will rank equally with all of its present and future senior unsecured debt and senior to any future subordinated debt.
  • PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.

PennyMac Financial Services, Inc. Announces Appointment of Chairman, Addition to Its Board of Directors, and Transition of Lead Independent Director

Retrieved on: 
Wednesday, February 24, 2021
Banking, Professional services, Finance, PennyMac Loan Services, New York Stock Exchange, Service companies, Financial services in the United States

PennyMac Financial Services, Inc. (NYSE: PFSI) today announced the appointment of David A. Spector as Chairman of the Board.

Key Points: 
  • PennyMac Financial Services, Inc. (NYSE: PFSI) today announced the appointment of David A. Spector as Chairman of the Board.
  • The company also announced that Jonathon S. Jacobson, Founder of HighSage Ventures, has joined the Board of Directors.
  • I am also pleased to announce that Jon Jacobson has agreed to join our Board.
  • Jeffs experiences and abilities, including his expertise in residential mortgage finance, make him particularly qualified to assume the role of Independent Lead Director, said Mr. Spector.

PennyMac Mortgage Investment Trust Announces Appointment of Chairman

Retrieved on: 
Wednesday, February 24, 2021
REIT, Banking, Professional services, Residential Building & Real Estate, Construction & Property, PennyMac Loan Services, Real estate investment trust, Mortgage loan, Service companies, Financial services in the United States, Finance

PennyMac Mortgage Investment Trust (NYSE: PMT) today announced the appointment of David A. Spector as Chairman of the Board.

Key Points: 
  • PennyMac Mortgage Investment Trust (NYSE: PMT) today announced the appointment of David A. Spector as Chairman of the Board.
  • PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.
  • PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI).
  • Additional information about PennyMac Mortgage Investment Trust is available at www.PennyMac-REIT.com .

PennyMac Mortgage Investment Trust Declares First Quarter 2021 Dividends for Its Preferred Shares

Retrieved on: 
Thursday, February 11, 2021
Communications, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Public relations, Investor relations, PennyMac Loan Services, Mortgage loan, Real estate investment trust, Finance, Financial services

PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.

Key Points: 
  • PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.
  • PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI).
  • Additional information about PennyMac Mortgage Investment Trust is available at www.PennyMac-REIT.com .
  • Actual results and operations for any future period may vary materially from those projected herein and from past results discussed herein.

PennyMac Financial Services, Inc. Announces Pricing of Upsized Private Offering of $650 Million of Senior Notes

Retrieved on: 
Tuesday, February 9, 2021
Professional services, Finance, PennyMac Loan Services, New York Stock Exchange, Service companies, New York City, Financial services in the United States

PennyMac Financial Services, Inc. (NYSE: PFSI) (the Company) today announced the pricing of its offering of $650 million aggregate principal amount of 4.250% Senior Notes due 2029 (the Notes).

Key Points: 
  • PennyMac Financial Services, Inc. (NYSE: PFSI) (the Company) today announced the pricing of its offering of $650 million aggregate principal amount of 4.250% Senior Notes due 2029 (the Notes).
  • The size of the offering was increased from the previously announced $500 million aggregate principal amount.
  • The Notes will bear interest at 4.250% per annum and will mature on February 15, 2029.
  • Interest on the Notes will be payable semi-annually on February 15 and August 15 of each year, beginning on August 15, 2021.