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PennyMac Financial Services misses analysts’ first-quarter profit estimates

By   /  Friday, May 5th, 2017  /  Earnings, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on PennyMac Financial Services misses analysts’ first-quarter profit estimates

Westlake Village-based PennyMac Financial Services reported first-quarter profit of $10.9 million or 47 cents per share on May 5. The results were lower than Wall Street expectations, which analysts surveyed by Zacks Investment Research had put at 63 cents per share. PennyMac Financial Services reported $62 million in pretax income for the first quarter of Read More →

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PennyMac Financial beats Wall Street’s earnings estimates

By   /  Thursday, February 2nd, 2017  /  Earnings, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on PennyMac Financial beats Wall Street’s earnings estimates

Updated at 1 p.m. on Feb. 3: Moorpark-based PennyMac Financial Services reported net income of $113.8 million on revenue of $289.3 million for the fourth quarter of 2016, exceeding Wall Street’s expectations on earnings per share. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of Read More →

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Kurland stepping down but influence continues

By   /  Friday, December 16th, 2016  /  Editorials, Latest news, Opinion  /  Comments Off on Kurland stepping down but influence continues

PennyMac Financial’s Stanford Kurland has a habit of working in mysterious ways. A veteran of Countrywide Financial, he joined that company in the late 1970s and rose through the ranks to become its president, leaving without fanfare in 2006 — just as the excesses in the mortgage market were beginning to become apparent. In 2009, Read More →

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PennyMac changes roles of several executives

By   /  Tuesday, December 13th, 2016  /  Banking Industry, Latest news  /  Comments Off on PennyMac changes roles of several executives

PennyMac Mortgage Investment Trust in Westlake Village on Dec. 13 announced changes in the roles of several executive officers in conjunction with organizational changes announced by PennyMac Financial Services. Stanford L. Kurland, currently chairman and CEO, will assume the role of executive chairman. David A. Spector, currently executive managing director, president and chief operating officer, Read More →

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PennyMac beats analyst estimates for third quarter earnings

By   /  Thursday, November 3rd, 2016  /  Earnings, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on PennyMac beats analyst estimates for third quarter earnings

Moorpark-based PennyMac Financial Services reported a $122.3 million profit on revenue of $291.4 million for the third quarter, exceeding Wall Street expectations on earnings per share and revenue. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of America, reported earnings of $1.06 cents per diluted Read More →

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PennyMac declares dividend of 47 cents per share

By   /  Friday, September 30th, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on PennyMac declares dividend of 47 cents per share

Moorpark-based PennyMac Mortgage Investment Trust declared a cash dividend of 47 cents per common share for the third quarter of 2016, which was in line with the previous quarter. This dividend will be paid on Oct. 27 to common shareholders of record as of Oct. 7. PennyMac is a mortgage real estate investment trust that Read More →

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PennyMac Financial beats analyst estimates for second quarter

By   /  Thursday, August 4th, 2016  /  Banking & Finance, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on PennyMac Financial beats analyst estimates for second quarter

Westlake Village-based PennyMac Financial Services reported a net income of $74.3 million for the second quarter of 2016 on revenue of $207.8 million, exceeding analyst projection on earnings per share and revenue. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of America, reported earnings of Read More →

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