Mortgage Servicing

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PennyMac Financial Services 1Q net income hits $47.1M 

May 06, 2015By

PennyMac Financial Services posted net income of $47.1 million for the first quarter of 2015, on revenue of $140.3 million. Looking ahead, the lender’s CEO sees substantial opportunity in mortgage production, driven by continued low mortgage rates, the FHA’s reduction of its mortgage insurance premium and limited origination capacity in the market.

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