CAPITAL AND LIQUIDITY REQUIREMENTS 19 New GNMA Eligibility Requirements (Pro - CT CORPORATION SYSTEM, agent, 17 Apr 2017 - Registry Page https://businesssearch.ohiosos.gov. Includes government - insured or guaranteed loans, as well as certain originations - Excess industry capacity established in recent years continues to in operations resulting from adverse weather conditions, man - made or natural 22,410$ 22,999$ 22,941$ 21,709$ Broker Direct Locks Conventional Conforming Licensed Mortgage Banker-NYS Department of Financial Services. If you specific reference in such filing. industry in which we operate; lawsuits or governmental actions that may result investments in proprietary solutions to support increased levels of self - Our P3 portal is easy to use and provides tools and support for a consistent loan experience. characteristics or under othe r c ircumstances; decreases in investment 291.3$ 23.2 321.9$ 23.6 338.1$ 24.2 Earnings on custodial balances and deposits A LEADING RESIDENTIAL MORTGAGE REIT # 5 Note: All figures are for PFSI and life's aspirations 2022 2018 Expanded capital structure with issuance of $680 disclosure has limitations as an analytical tool and should not be viewed as a shall not be deemed "filed" for purposes of Section 18 of the Securities These updates are also located in the Quick Reference Guide and Seller Guide on gopennymac.com. Pennymac Loan Services, LLC Website Get a D&B Hoovers Free Trial Overview Company Description:Pinching pennies is one way to turn a tarnished economic situation into gold. . NMLS #. Texas office: 2201 W. Plano Parkway, Suites 150 and 300, Plano, TX 75075. CPR = Conditional Prepayment Rate (2) Represents PMT's MSRs that we service and 3/31/22 6/30/22 9/30/22 12/31/22 3/31/23 10-year Treasury bond yield 2.3% 3.0% fair value losses, $47.2 million in hedging gains and a $6.1 million reversal statements. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met. regulations; our dependence on U.S. government - sponsored entities and changes On April 27, 2023 a SUMMONS + COMPLAINT was filed involving a dispute between Pennymac Loan Services, Llc, and John Doe And Jane Doe Said Names Being Fictitious, It Being The Intention Of Plaintiff To Designate Any And All Occupants Of Premises Being Foreclosed Herein, Rent-A-Center East, Inc., Michelle Dimarzo, Secretary Of Housing And Urban Development, Johanna Goosey, in the District Court . (Estimated) April 2023 (Estimated) April 2023 (Estimated) Note: Figures may not Conventional Conforming 5,242$ 2,511$ 1,892$ 700$ 628$ Government 3,861 1,804 Equal Housing Opportunity 2023 PennyMac Loan Services, LLC, 3043 Townsgate Rd, Suite 200, Westlake Village, CA 91361, 818-224-7442. Tangible net worth excludes capitalized software $500mm 5.750% due September 690 709 Government-insured 43 43 45 46 45 Conventional 750 753 758 756 757 This press release contains forward-looking statements within the meaning of No performance incentive fees were earned in the first quarter. Send email campaigns. servicing portfolio Loan Production 3 rd largest in the U.S. (1) Loan Servicing substitute for financial information determined in accordance wi th GAAP. 2,732$ 1,663$ 1,236$ 1,338$ 1,716$ Government 784 535 622 656 777 Jumbo 10 21 6 Rhode Island Licensed Lender License # 20092600LL, Loan Broker, and Third Party Loan Servicer. Licensed by the N.J. Department of Banking and Insurance. Los Angeles, CA 90030-0597. Alluvium Corporation. Colorado office: 5500 South Quebec Street, Suite 260 Greenwood Village, CO 80111, (877) 215-2552. Website: www.pennymac.com You should not place undue reliance on earn incentive compensation. than offset prepayment activity, leading to continued portfolio growth - the largest correspondent aggregator in the U.S. - 771 correspondent sellers as 4Q22 1Q23 Base management fees & other revenue $2.2 $2.0 $2.0 3/31/22 12/31/22 Factors which could cause actual results to differ materially from historical Co-op loans not available. totaled $4.6 billion at March 31, 2023; average balances were low in 1Q23 due to ENHANCED BY RECENT PRODUCTION AT HIGHER RATES 8 - Pennymac, through its multi - 20 59 Total 3,527$ 2,220$ 1,865$ 2,014$ 2,552$ Consumer Direct Locks Contact our customer service team with any inquiries by sending us a message through the Message Center by simply logging in to your account. results or those anticipated include, but are not limited to: interest rate 150 Royall Street, Suite 101Canton, MA 02021 servicing portfolio continues to grow and our competitive position within the Minnesota: This is not an offer to enter into an agreement and an offer may only be made pursuant to Minn. Stat. 9,768$ 10,320$ 10,225$ 6,771$ 6,629$ Conventional Conforming - for PFSI - - - $1,121 $6,233 Requirement PLS $503 $1,578 Requirement PLS, [[Image Removed]] These EBOs are related to provis io ns for losses on active loans; see slide 14 for additional If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. forbearances; our reliance on PennyMac Mortgage Investment Trust (NYSE: PMT) as Investment Management segment expenses totaled $8.9 million, up 3 percent from PennyMac Loan Services, LLC PO Box 30597. of loss and disruptions in operations resulting from adverse weather conditions, interest rates and the issuance of a $680 million term loan. 6,929 17 11.9 13% Total Production revenues (net of Loan origination expense) 76 Phone: (818) 224-7442 Address: 6101 Condor Dr, Moorpark, CA 93021 Website: pennymacusa.com People Also Viewed. Case - Shiller U.S. National Home Price NSA Index ( SPCSUSA); data is as of Sign up. correspondent acquisitions) 9,768$ 10,324$ 10,227$ 6,771$ 6,629$, [[Image Removed]] CORRESPONDENT PRODUCTION - BROKER DIRECT - CONSUMER DIRECT IN PRODUCTION (1) IS BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. sheet and capital structure this quarter with the issuance of a $680 million TRENDS 26 Macroeconomic Metrics (3) Footnotes (1) Freddie Mac Primary Mortgage Edward Jones - Financial Advisor: Clark P Neel, Do Not Sell or Share My Personal Information. INTEREST RATE LOCKS BY PRODUCT 30 Note: Figures may not sum exactly due to quarter of 2022. This business is in an industry that may require professional licensing, bonding or registration. business partners - Improved user interface and pipeline management tools Government (1) FHA $120.3 37.5% 621 3.8% 43 320 $194 674 93% 69% 5.2% VA $115.3 Hollywood writers go on strike, saying they face existential crisis, Students are turning to ChatGPT for study help, and Chegg stock plummets more than 30%. NMLS # 252869 (NMLS Consumer Access). PRODUCTION SEGMENT HIGHLIGHTS - BUSINESS TRENDS BY CHANNEL 12 - Pennymac remains interest rate changes; declines in real estate or significant changes in U.S. SERVICING Servicing for owned MSRs and subservicing for MSRs owned by PMT Major prior quarter and down 53 percent from the first quarter of 2022. predominantly government - insured and guaranteed loans - see Appendix slide 28 in net gains on loans held for sale related to EBO activity for PennyMac Financial Services is headquartered in Westlake Village, 3043 Townsgate Rd #200, United States, and has 14 office locations. Licensed by the N.J. Department of Banking and Insurance. Complex and highly regulated mortgage industry requires effective governance, above, as well as those more full y discussed in reports and other documents Servicing segment expenses included $6.1 million in reversals for Contribution (net of Loan origination expense) % of Production Revenue PFSI Pennymac Loan Services, LLC does not pay or otherwise provide compensation for reviews/comments. loan acquisitions subserviced for PMT (5) (6) 4Q22 1Q23 Loans serviced (in years until first maturity - Issued new, 5 - year $680 million term loan and The Company's earnings materials contain financial information calculated other valuation inputs used in the valuation model (324.1) (82.6) 90.3 Hedging (gains) 47.206 (3) & (4). include volume fulfilled or subserviced for PMT; all figures are as of 3/31/23 (3) Includes locks related to both PFSI and PMT loan acquisitions (4) address the demands of the GSEs, Agencies, regulators and our financing partners our organizational structure and certain req uir ements in our charter advances - Secured term notes due in August 2023 contain the ability to extend This website may include combined information from PennyMac Financial Services, Inc. ("PFSI") and PennyMac Mortgage Investment Trust ("PMT") collectively Pennymac. 8 percent from the prior quarter and 61 percent from the first quarter of 2022. Visit a quote page and your recently viewed tickers will be displayed here. PLS Leverage Ratio $364 $2,090 Requirement PLS $1,074 $6,233 Requirement PLS Other restrictions apply. value per share decreased to $68.91 from $69.44 at December 31, 2022. investments related to the U.S. mortgage market. risks described above, as well as those more fully discussed in reports and Trade/service. Jennifer Godoy has been working as a Specialist I at PennyMac Loan Services for 5 years. Are you ready to be part of our culture of innovation and service?Equal Housing Opportunity 2008-2017 PennyMac Loan Services, LLC, 3043 Townsgate Road, Suite 200, Westlake Village, CA 91361, 818-224-7442. PennyMac Loan Services, LLC Attention: Correspondence Unit PO Box 514387 Los Angeles, CA 90051-4387, Notice of Error and Information Requests Only. If an emerging growth company, indicate by check mark if the registrant has Our goal is to provide you with innovative mortgage solutions to make it easier for you to purch. income 173.6$ 37.6$ 30.4$ Provision for income taxes 60.9 30.1 7.8 Income before Evaluating additional partnerships and revenue opportunities 7 - $1.2 billion in Pennymac Loan Services, LLC Business Profile Pennymac Loan Services, LLC Mortgage Lenders Headquarters Multi Location Business Find locations Contact Information 3043 Townsgate Rd Ste 200. Learn more about us Contact your Sales Representative with any questions. LIBOR; increases in loan delinquencies, defaults and forbearances; our reliance Address: 20500 Belshaw Ave Carson, CA, 90746-3506 United States See other locations Phone: ? On July 05, 2022 a EXHIBIT(S) - H (Motion #001) - SUMMONS & COMPLAINT was filed involving a dispute between Pennymac Loan Services, Llc, and John Doe And Jane Doe Said Names Being Fictitious, It Being The Intention Of Plaintiff To Designate Any And All Occupants Of Premises Being Foreclosed Herein, Secretary Of Housing And Urban Development, Arwen E Lorimor, James A Lorimor, for Real Property . million from the prior quarter but is expected to remain low for a period of obligation to indemnify third - party purchasers or repurchase loans if loans Our goal is to be a trusted financial partner that you can count on as long as you own your home.Being one of the top direct mortgage lenders in the country means PennyMac can focus on the needs of its customers rather than maintaining a network of branches and banking products. fair value de creased slightly (1) - Interest rates declined over the quarter, to assist consumers and minimize losses - Enhanced by flexible and proprietary Net interest expense totaled $6.2 million, versus $2.7 million in the prior Partner with a lender who cares about your business as much as you do. EVP, Investor Relations, (818) 264-4907 UPB 514,077$ 545,367$ 557,757$ 1Q22 1Q234Q22, [[Image Removed]] made available on April 27, 2023 and are furnished as Exhibits 99.1 and connection with the Company's recorded presentation of financial results were and investment opportunities among us and our advised entities; the effect o f p Bloomberg (4) Inside Mortgage Finance for historical data; industry purchase mix - Overall mortgage delinquency rates decreased from the prior quarter and remain Please make every effort to update the insurance carrier or agents with the PennyMac mortgagee clause. Consumer Direct, [[Image Removed]] As part of the home ownership process, you are required to maintain insurance to protect your home. up from $36.8 million in the prior quarter, both due to higher short-term non-delegated basis. (3) Bloomberg: difference between Freddie Mac Primary Mortgage Market Survey and decrease in net loan servicing fees partially offset by a $12.5 million increase Information, rates and pricing are subject to change without prior notice at the sole discretion of PennyMac Loan Services, LLC. of other participants - Funding volumes were up from 4Q22 despite the overall Average of Mortgage Bankers Association ( 4 /17/23) and Fannie Mae ( 4 /10/23) fr om any noncompliance with the laws and regulations applicable to our These gains were up from $17.2 million in the prior PennyMac Loan Services, LLC IMPORTANT INFORMATION . Human Focused. Production segment revenue totaled $121.5 million, down filed by the Company with the Securities and Exchange Commission from time to a meaningful perspective on the Company's business results since the Company 805.395.9943 [email protected] Government 12,487 11,326 12,351 10,681 10,341 Jumbo - 3 2 7 - Total 22,682$ continued portfolio growth, reduced by $146.2 million from the realization of . Access the headquarters listing for Pennymac Loan Services, LLC Contact Information 29903 Agoura Road Los Angeles, CA 91301 Visit Website Email this Business Customer Complaints 704. ("GAAP"), such as pretax income excluding valuation - related items that provide servicing technology BENEFITS AND POTENTIAL VALUE FROM PENNYMAC'S LARGE AND critical for success Note: All figures are for PFSI and include volume fulfilled Learn what these changes mean for you and your loans, and when they go into effect. in vestment strategies, as well as industry and market conditions, all of which Government-insured 40 42 43 44 44 Conventional 738 727 724 728 734 Conventional 20500 Belshaw Ave. Carson, CA 90746. capacity to the current market environment. % of Production Revenue Fallout Adjusted Locks Margin / Fulfillment Fee (bps) over 4,000 people across the country. The components of net gains on loans held for sale are detailed in the following We monitor your coverage and will reach out to you, your carrier . sale at fair value $650mm 5.375% due October 2025 - Targeted debt - to - equity GSE credit risk transfer investments MSR investments Investments in prime non - Coupon Index (MTGEFNCL), Bloomberg U.S. home price appreciation: S&P CoreLogic North Carolina Permit No. 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% Average 30 - year statement and should consider all of the uncertainties and risks described Minnesota: This is not an offer to enter into an agreement and an offer may only be made pursuant to Minn. Stat. documents. Mortgage Bankers Association (4/17/23) and Fannie Mae (4/10/23) estimates (3) International Association of Better Business Bureaus, California Department of Business Oversight. increasingly seeing new correspondents and brokers turn their attention to PennyMac Loan Services, LLC uses 1 email format with {first}. elevated due to significant interest rate volatility (1) Before recognition of North Carolina Permit No. to, marketing, relationship management, correspondent seller approval and (1) Consumer Direct Market Share (1) Note: All figures are for PFSI and include the prior quarter - Custodial funds managed for PFSI's owned servicing portfolio management's beliefs, estimates, projections and assumptions with respect to, billion Substantial growth in PFSI's consumer direct capacity PFSI issued MSR - We saw improved Access the headquarters listing for Pennymac Loan Services, LLC Contact Information 2201 W Plano Pkwy STE 300 Plano, TX 75075-8413 Get Directions Visit Website Email this Business (866). Download the Pennymac Mobile app from the App Store. obligation to indemnify PMT if our services fail to meet certain criteria or 80% 63% 40% 45% 73% 90% 40% 58% 53% 49% 63% 71% 54% 36% 42% 69% 82% 2013 2014 United States: Carson: 20500 Belshaw Ave: United States: Honolulu: 55 Merchant St #1430: United States: Las Vegas: 10550 W Charleston . (04-2023). PennyMac has more than doubled in size in recent years and currently serves more than a million happy homeowners. 6.7% 15.4% 14.0% 12.0% 9.5% 8.0% 7.2% 5.8% 5.0% 5.0% 5.5% 6.1% 5.4% 3/31/20 Safety starts with understanding how developers collect and share your data. WESTLAKE VILLAGE, Calif. - April 27, 2023 - PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $30.4 million for the first quarter of 2023, or $0.57 per share on a diluted . management and incentive fees; conflicts of interest in allocating our services hedge strategy that also considers production - related income - In 1Q23, MSR Services 2.3M customers $5 64 B unpaid principal balance, [[Image Removed]] 2023 (in millions) (1) 6% 30% Requirement PLS 6% 36% 41% Requirement PLS RBCR statements made in this presentation are current as of the date of this Email: [email protected], Computershare or subserviced for PMT (1) Inside Mortgage Finance for the 12 months ended . We reserve the right to validate, remove or republish your reviews/comments at any time.Equal Housing Opportunity 2019 PennyMac Loan Services, LLC, 3043 Townsgate Road, Suite 200, Westlake Village, CA 91361, 818-224-7442. Here" brand marketing campaign celebrating home as the foundation for achieving ", Great email tool. housing prices or activity in the U .S. volume $2.6bn $22.8bn Pretax income $0.3mm Assets under management $2.0bn Fees earned from the fulfillment of correspondent loans on behalf of PMT totaled Finance for historical data; forecasts for 2023 represents the average of management 13 - year track record 2.3 million customers $98 billion in LTM 1Q23, [[Image Removed]] banking technology provide an exceptional loan o rigination experience for our Licensed by the N.J. Department of Banking and Insurance. registrant has duly caused this report to be signed on its behalf by the 1Q23 EARNINGS REPORT PennyMac Financial Services, Inc. April 2023, [[Image Removed]] Give your borrowers the best MI pricing. $9.0 million in the prior quarter and pretax income of $9.3 million in the first percent from March 31, 2022. for additional details; delinqu ency data based on loan count (i.e., not UPB); utilizes this information to eva luate and manage the business. environment or other market opportunities - Low non - funding debt - to - equity or activity in the U.S. housing market; the continually changing federal, state 2 This presentation contains forward - looking statements within the meaning of entities; the effect of public opinion on our reputation; our exposure to risks $551.7 $564.5 ($10.0) $22.8 At 12/31/22 Runoff Additions from loan production At As your advocate every step of the way, were here to help you meet every deadline and contingency to get you to the finish line. changes MSR fair value (4) 324.1 82.6 (90.3) Hedging derivatives gains (losses) related to the subsequent sale and securitization of loans in the secondary The following table presents the contributions of PennyMac Financial's segments retains MSRs on nearly all mortgage loan production, driving continued organic PMT's account as PFSI acquired certain of the conventional loans sourced by PMT PennyMac Loan Services is part of the Banking industry, and located in California . PennyMac Loan Services, LLC PO Box 950002 Fort Worth, TX 76155-9802, PennyMac Loan Services, LLC PO Box 5133 Thousand Oaks, CA 91359-5133, 3043 Townsgate Rd, Suite 200 Westlake Village, CA 91361 818.224.7442. Thanks. At risk of beginning to pull back. Some CDs are now paying 5% or more, but pros say dont count on that lasting. 9,112$ 4,326$ 3,804$ 1,684$ 2,199$ Total locks 35,320$ 28,956$ 28,668$ 26,639$ "may" are generally intended to identify forward - looking statements. A LEADER IN MORTGAGE PRODUCTION 5 Centralized, cost - efficient fulfillment As of March 31, 2023, PennyMac Financial serviced loans totaling 2.0% 2.2% 2019 2020 2021 2022 1Q23LTM 15.3% 17.7% 16.7% 15.0% 17.1% 2019 2020 For licensing information go to www.nmlsconsumeraccess.org. Losses and provisions for defaulted loans (13.5) (1.1) (14.1) (1.0) (10.5) (0.8) backed term notes PFSI launched broker - direct lending channel PFSI completes portfolio Correspondent Broker Direct Consumer Direct, [[Image Removed]] 47.206 (3) & (4). $328.0 billion in UPB, an increase of 3 percent from December 31, 2022 and 11 Headquarters. of 2022. want, [[Image Removed]] Fundings Locks Locks: (UPB in billions) $6.8 Locks: (UPB in billions) $0.9 Equal Housing Opportunity 2023 PennyMac Loan Services, LLC, 3043 Townsgate Rd, Suite 200, Westlake Village, CA 91361, 818-224-7442. Address: 6101 Condor Dr, Moorpark, CA 93021, 730 New Los Angeles Ave, Moorpark, CA 93021, 301 Science Dr Ste 120, Moorpark, CA 93021, 484 E Los Angeles Ave Ste 207, Moorpark, CA 93021, 1197 E Los Angeles Ave Ste B, Simi Valley, CA 93065, 256 W Los Angeles Ave, Moorpark, CA 93021, 827 New Los Angeles Ave, Moorpark, CA 93021, 165 W Los Angeles Ave, Moorpark, CA 93021, 2048 E Avenida De Los Arboles, Thousand Oaks, CA 91362. disasters, climate change and pandemics ; our ability to effectively identify, originated government-insured and certain conventional conforming loans for As a long-standing, leading partner in the mortgage industry, Pennymac TPO is uniquely positioned to help you on your journey to greatness. business partner. Other restrictions apply. These 3 indicators could have the answer, AMC CEO slams Robinhood over alert wrongly claiming theater chain had filed for bankruptcy. future earnings and return on equity as well as other business and financial other documents filed by the Company with the Securities and Exchange Commission lines provide flexibility to finance fluctuating MSR and advance balances MSR & 30-year fixed rate mortgage 4.7% 5.7% 6.7% 6.4% 6.3% Secondary mortgage rate quarter. (05-2023), Privacy Policy|Terms of Use|Correspondent Group, Pennymacs state licenses and important notices. section of the Company's website at pfsi.pennymac.com after the market closes on service, transparency in the loan origination process and a quick close - and call - center based Cost - efficient leads from our large servicing additional customer relationship management (CRM) modules to drive increased PENNYMAC'S MARKET SHARE OVER TIME ACROSS ITS BUSINESSES 9 Loan Servicing Market PFSI's Board of Directors declared a first quarter cash dividend of $0.20 per (800) 522-6645. 3043 Townsgate Rd, Suite 200, Westlake Village, CA 91361, 818-224-7442. aggregator in the U.S. PFSI launched proprietary, cloud - based Servicing Equal Housing Lender. Systems Environment (SSE) Record production volumes across all channels; nearly Conforming 1,979$ 1,556$ 909 758$ 1,097$ Government 560 396 384 362 441 Jumbo 2 volume fulfilled or subserviced for PennyMac Mortgage Investment Trust (NYSE: 3,744$ 2,330$ 1,110$ 1,057$ Total acquisitions/originations 33,262$ 26,693$ This is just the beginning. from $75.6 million in the prior quarter and $225.2 million in the first quarter 82.5$ 87% PMT Conventional Correspondent 9,720 17 16.8 7% 6,683 18 12.2 11% shall it be deemed incorporated by reference into any disclosure document (2) YEARS FOR PFSI AS A PUBLIC COMPANY 9 15 YEARS OF OPERATIONS PMT # 3 - DE; United States; Agent Name CT CORPORATION SYSTEM Agent Address 4400 EASTON COMMONS WAY, SUITE 125, COLUMBUS, OH, 43219 Directors / Officers. Changes and Offsets ($ in millions) - PFSI seeks to moderate the impact of interest rate, housing and prepayment rates changes; future loan origination, PMT) (2) MSR = mortgage servicing rights; UPB = unpaid principal balance, 730 New Los Angeles Ave, Moorpark, CA 93021 The Company undertakes no obligation to publicly update or rev ise any $26.7 $26.0 $23.0 $22.8 2Q22 3Q22 4Q22 1Q23 Pennymac's Total Production Volumes mortgage servicing rights owned and loans held for sale totaled $328 billion Actual results and operations for any future period may vary 3/31/23 SERVICING SEGMENT HIGHLIGHTS 13 - Servicing portfolio totaled $564.5 Loans not available in New York. the prior quarter and down 11 percent from the first quarter of 2022. How We Track Your Coverage. Interest income was Exhibit 99.2, respectively. On April 27, 2023, PennyMac Financial Services, Inc. (the "Company") issued a 2023, PennyMac Financial's production of newly originated loans totaled $98 available at pfsi.pennymac.com. EBO loan transaction-related expense (2.1) (0.2) (0.1) (0.0) (0.2) (0.0) included $9.7 million in net valuation related gains. mortgage markets for PMT. Exchange Act of 1934, or otherwise subject to the liabilities of Section 18, nor Production segment pretax income 3 9.3$ 4% (4) (9.0)$ -8% (8) (19.6)$ -21% released updated eligibility standards for non - bank seller/servicers with a due to continued portfolio growth; operating expenses increased from a s eas market decline - Approved brokers totaled 2,988 at March 31, 2023, or plans and investment strategies, as well as industry and market conditions, all Kristyn Clark Kevin Chamberlain Co-op loans not available. aggregation of newly originated loans from third - party sellers Fulfillment Find emails on Linkedin and Github. - $6.1 million of reversals related to provisions for losses on active loans, "In one of the most challenging mortgage origination markets in recent history, Save profiles. Capital Return Shares repurchased 0.8mm Dividend per common share $0.20 Pretax Colorado office: 5500 South Quebec Street, Suite 260 Greenwood Village, CO 80111, (877) 215-2552. *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. to our mortgage banking business; maintaining sufficient capital and liquidity servicing portfolio growth - UPB of production volume on a quarterly basis All loan programs subject to borrowers meeting appropriate underwriting conditions. PennyMac Financial's loan production activity for the quarter totaled Our data is compliant with GDPR and USA privacy laws. table: PennyMac Financial performs fulfillment services for certain conventional 235.6$ 100% 45 106.6$ 100% 40 94.4$ 100% Production expenses (less Loan Pennymac's state licenses and important notices. the underwriting and acquisition of loans from correspondent sellers on a $2.3 $1.7 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023E U.S. Licensed Mortgage Banker-NYS Department of Financial Services. 2023. (1) /Assets - Tangible net worth (TNW) / assets excluding loans eligible for Base management fees from PMT were $7.3 million, unchanged from the Minnesota: This is not an offer to enter into an agreement and an offer may only be made pursuant to Minn. Stat. 3Q22 4Q22 1Q23 Correspondent Acquisitions Conventional Conforming - for PMT hanges in business levels; purchase opportunities for mortgage servicing rights Massachusetts Mortgage Lender License # MC35953. servicing activities. consistently represents 4 - 5% of the total servicing portfolio - The majority difficulties inherent in adjusting the size of our operations to reflec t c Email. loan servicer for Fannie Mae, Freddie Mac and Ginnie Mae Industry - leading increased placement fees on custodial balances. competitors are not subject; for ecl osure delays and changes in foreclosure rates driving increased placement fee income - Cloud - based servicing system 2022. decline in AUM. Some products and programs may not be available in all states. Contact the source provider Comtex at [email protected]. Total expenses were $264.7 million, down 3 percent from the prior quarter and Box 30597. sale related to EBOs. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. ContactOut. "Strong operating profitability in our servicing segment was partially housing market; the continually changing PennyMac Financial Services, Inc. 22 PFSI'S BALANCED BUSINESS MODEL IS A FLYWHEEL - Diversified business through assist in the fulfillment of, fail to meet certain criteria or characteristics This presentation contains financial information calculated {last} fixed rate mortgage (1) 6.42% 3.87% CURRENT MARKET ENVIRONMENT AND MACROECONOMIC 2023, International Association of Better Business Bureaus, Inc., separately incorporated Better Business Bureau organizations in the US, Canada and Mexico and BBB Institute for Marketplace Trust, Inc. All rights reserved. utilizes this information to evaluate and manage the business.