December 2, 2022
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PennyMac reports earnings dip

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Westlake Village-based mortgage lender PennyMac Financial Services ended 2021 with a net income of $1 billion, down from $1.6 billion the year before, the company announced on Feb. 3. PennyMac Financial reported $1.4 billion in pretax income for the full year of 2021, a drop from $2.2 billion in 2020. The company said it had…

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