PennyMac says 3Q26 production income down, servicing income up
PennyMac said its 3Q26 investor update showed lower production-driven pretax income and higher servicing pretax income. It also cited owned UPB of $503 billion and a revenue margin of 75-85 bps.
Story updates
12:44:24 PM UTC
SquawkNews
PennyMac Financial Services NYSE:PFSI said in an investor presentation on Monday that its pretax income is expected to be lower quarter-over-quarter in the production segment."With mortgage rates up 50 basis points from June 30th, pretax income will be lower than Q2 primarily due to a decline in pu…
01:02:53 PM UTC
SquawkNews
PennyMac Financial Services: 3Q Pretax Income Will Be Lower Vs 2Q Primarily Due to Decline in Pull-Through Adj Lock Volume >PFSI
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