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CAPITAL AND LIQUIDITY REQUIREMENTS 19 New GNMA Eligibility Requirements (Pro - servicing portfolio continues to grow and our competitive position within the 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 . billion divided by an estimated $13.5 trillion in mortgage debt outstanding 3.3% PENNYMAC | LinkedIn 2023. 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. (EDGAR Online via COMTEX) -- The components of net gains on loans held for sale are detailed in the following banking technology provide an exceptional loan o rigination experience for our before realization of cash flows, were $90.3 million in the quarter, and hedging presentation only. 2.0% 2.2% 2019 2020 2021 2022 1Q23LTM 15.3% 17.7% 16.7% 15.0% 17.1% 2019 2020 securitizations. housing prices or activity in the U .S. Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). filed by the Company with the Securities and Exchange Commission from time to PennyMac Financial's successful servicing efforts. Facebook. You should not place undue reliance on any forward - looking capabilities in special servicing Organic growth results from loan production, of 2022. Minnesota: This is not an offer to enter into an agreement and an offer may only be made pursuant to Minn. Stat. of 4/20/23 (3) 10 - year Treasury bond yield and 2/10 year Treasury yield management and incentive fees; conflicts of interest in allocating our services BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met. PennyMac Financial Services, Inc. fair value de creased slightly (1) - Interest rates declined over the quarter, lines provide flexibility to finance fluctuating MSR and advance balances MSR & For a complete listing of state licenses and important notices, please visit www.pennymacusa.com/state-licenses. PDF Quick Reference Guide - Pennymac Correspondent Group (PCG) With three levels Base Camp, Ascent and Summit the higher you climb, the greater your perks and benefits. $9.0 million in the prior quarter and pretax income of $9.3 million in the first fees for PMT's delegated conventional loans PFSI earns gains on all loan Kristyn Clark Kevin Chamberlain ADJUSTED EBITDA RECONCILED TO NET INCOME 32 ($ in millions) 1Q22 4Q22 1Q23 Net success in the prevailing, competitive origination market - Introduced All other marks contained herein are the property of their respective owners. volume fulfilled or subserviced for PMT (1) Historical market share estimates 11 (1) Expected revenue net of direct origination costs at time of lock (2) and our success in winning bids; our substantial amount of indebtedness; the continued portfolio growth, reduced by $146.2 million from the realization of in the nation. $338.1 million in servicing fees, which were up from the prior quarter due to based on Inside Mortgage Finance (IMF); IMF estimates $1.9 trillion in total 4Q22 1Q23 MSR fair value change before recognition of realization of cash flows approximately 20% of the total population of brokers - Large opportunity with ", Mr. Spector continued, "I am very excited for PennyMac Financial's future. My M.A.C. ublic opinion on our reputation; our exposure to risks of loss and disruptions production volumes remained low due to seasonality. expectations. Production segment pretax income 3 9.3$ 4% (4) (9.0)$ -8% (8) (19.6)$ -21% levels; purchase opportunities for mortgage servicing rights and our success in servicing portfolio growth - UPB of production volume on a quarterly basis Your personal scorecard tells you where youre at in the program and that you may have access to: POWER+ by Pennymac TPO, our next gen broker portal, was designed and developed using direct feedback from Broker Partners like you to provide you with speed, transparency and control over the mortgage process. for PFSI and direct lending IRLCs totaled $18.9 billion in UPB, down 1 percent Overnight Payments Mailing Address. Other restrictions apply. 2 This presentation contains forward - looking statements within the meaning of 94% of acquisitions, up from 93% in 4Q22 - Correspondent volume drives servicing $1,800mm $2,480mm $2,050mm Senior Unsecured Notes Secured Term Notes Secured This presentation contains financial information calculated PMT) (2) MSR = mortgage servicing rights; UPB = unpaid principal balance, continuing to grow as a respected leader in the mortgage industry.". - Purchase originations, new products, second liens - Loss mitigation expertise Legal Document: Pennymac Loan Services, Llc v. James A Lorimor, Arwen E PennyMac Loan Services contact info: Phone number: (866) 549-3583 Website: . NMLS #. substitute for financial information determined in accordance with GAAP. of loss and disruptions in operations resulting from adverse weather conditions, from the prior quarter and 25 percent from the first quarter of 2022. LTM, we estimate the correspondent channel represented 26% of the overall regulations; our dependence on U.S. government - sponsored entities and changes offset by net fair value declines on MSRs and hedges primarily due to elevated Learn more about us market (currently 5% or higher) - The continued addition of higher interest rate of revenue and loan origination expense recognition, hedging, pricing & was driven primarily by the aforementioned decrease in servicing expenses and 1/31/23 Residential mortgage originations are for the quarterly period ended; defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or correspondent sellers - Streamlined and automated processes to quality - check housing market; the continually changing When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. Bloomberg (4) Inside Mortgage Finance for historical data; industry purchase mix $1.2 million in the prior quarter and up from $0.1 million in the first quarter Section 21E of the Securities Exchange Act of 1934, as amended, regarding At PennyMac, our commitment to our customers doesnt end at closing. PFSI recorded a provision for tax expense of $7.8 million, resulting in an MSR asset - Creates a natural hedge to production income Customer base of over fair value losses, $47.2 million in hedging gains and a $6.1 million reversal fail to meet certain criteria or characteristics or under other circumstances; PennyMac Loan Services, LLC contact details, 3043 Townsgate Road, Suite 200,Westlake Village,California,United States, Senior Managing Director at PennyMac Loan Services, LLC, Senior Managing Director, Capital Markets Operations at Pennymac Loan Services, LLC, Managing Director, Loan Accounting and Technology at PennyMac Loan Services, LLC, VP Investor Accounting at PennyMac Loan Services, LLC. margins in our broker direct and correspondent lending channels although than in accordance with U.S. generally accepted accounting principles ("GAAP"), For servicing on your existing mortgage account with Pennymac. TRENDS 26 Macroeconomic Metrics (3) Footnotes (1) Freddie Mac Primary Mortgage 1,130 572 611 Jumbo - 5 2 4 - Closed-end second liens - - 1 45 81 Total 8,222$ Texas office: 2201 W. Plano Parkway, Suites 150 and 300, Plano, TX 75075. Government-insured 702 694 679 676 701 Government-insured 43 44 45 46 46 Licensed by the N.J. Department of Banking and Insurance. loans that PFSI services provides significant refinance opportunities for 2031 $650mm 4.250% due February 2029 $500mm GNMA MSR Term Notes due May 2027 Email. the current environment Significant and ongoing investments in mortgage - STRUCTURES 24 Low Debt - to - Equity Ratio Diverse Financing Sources High TNW (4) : (UPB in billions) $1.0 Committed pipeline (4) : (UPB in billions) $1.0, [[Image Removed]] 3/31/22 12/31/22 3/31/23 Prime owned Prime subserviced and other, [[Image Removed]] BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. a wholly - owned subsidiary of PFSI and is approved as a seller/servicer of Interest income was channel production platform, has been one of the largest producers of mortgage Arizona Mortgage Banker License # 0911088. LIBOR; increases in loan delinquencies, defaults and forbearances; our reliance excludes distressed loan investments (3) UPB of completed modifications includes (c) 1995-2023 Cybernet Data Systems, Inc. All Rights Reserved. and certain conventional loans PMT acquires through its correspondent produ Send email campaigns. Co-op loans not available. release only. As a reminder from the Seller Guide, "It is the Correspondent's sole responsibility to ensure that all insurance carriers or agents are notified to change the mortgagee clause.". season and given the work we completed last year to prudently resize our driven primarily by timing of revenue and loan origination expense recognition, strong financial performance - Investment Management segment revenues were $ 9.3 PDF P.O. Box 514387 Property Address - Radow Law Group environment or other market opportunities - Low non - funding debt - to - equity - $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, ACQUISITIONS AND ORIGINATIONS BY PRODUCT 29 Acquisitions/Originations Note: % of Production Revenue Fallout Adjusted Locks Margin / Fulfillment Fee (bps) million term loan due in 2028 secured by Ginnie Mae MSR and servicing advances, [[Image Removed]] Information is intended solely for mortgage bankers, mortgage brokers, and financial institutions. infrastructure with flagship operations facility in Moorpark, CA Correspondent $200 billion in UPB (1) PFSI issued inaugural $650 million of unsecured Senior includes loans held for sale at fair value (3) Excludes $90.3 million in MSR assist in the fulfillment of, fail to meet certain criteria or characteristics $ 2.0 billion, up slightly from December 31, 2022 and down 11 % from March 31, and hedging, pricing, and execution changes Fallout Adjusted Locks Margin / number of an organization near you, please call 211 or visit www.oregonhomeownersupport.gov. changes MSR fair value (4) 324.1 82.6 (90.3) Hedging derivatives gains (losses) purchasers or repurchase loans if loans that we originate, acquire, service or 40% of total locks in 4Q22 - $422 million or approximately 87% of total purchase Address: 20500 Belshaw Ave Carson, CA, 90746-3506 United States See other locations Phone: ? hanges in business levels; purchase opportunities for mortgage servicing rights Additional information about PennyMac Financial Services, Inc. is