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PennyMac shares soar after earnings beat estimates

By   /  Friday, February 7th, 2020  /  Banking & Finance, Earnings, East Ventura County, Latest news, Tri-County Public Companies  /  Comments Off on PennyMac shares soar after earnings beat estimates

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PennyMac to buy back $50 million of Class A common stock

By   /  Thursday, June 22nd, 2017  /  Latest news, Tri-County Public Companies  /  Comments Off on PennyMac to buy back $50 million of Class A common stock

PennyMac Financial Services announced on June 21 that it will repurchase up to $50 million of its Class A common stock. The number and timing of the purchases will depend on price, trading volume and market conditions, among other factors, the Moorpark-based company said in a statement. “We believe that the repurchase of common stock Read More →

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PennyMac Financial beats Wall Street’s earnings estimates

By   /  Thursday, February 2nd, 2017  /  Earnings, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on PennyMac Financial beats Wall Street’s earnings estimates

Updated at 1 p.m. on Feb. 3: Moorpark-based PennyMac Financial Services reported net income of $113.8 million on revenue of $289.3 million for the fourth quarter of 2016, exceeding Wall Street’s expectations on earnings per share. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of Read More →

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Kurland stepping down but influence continues

By   /  Friday, December 16th, 2016  /  Editorials, Latest news, Opinion  /  Comments Off on Kurland stepping down but influence continues

PennyMac Financial’s Stanford Kurland has a habit of working in mysterious ways. A veteran of Countrywide Financial, he joined that company in the late 1970s and rose through the ranks to become its president, leaving without fanfare in 2006 — just as the excesses in the mortgage market were beginning to become apparent. In 2009, Read More →

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PennyMac changes roles of several executives

By   /  Tuesday, December 13th, 2016  /  Banking Industry, Latest news  /  Comments Off on PennyMac changes roles of several executives

PennyMac Mortgage Investment Trust in Westlake Village on Dec. 13 announced changes in the roles of several executive officers in conjunction with organizational changes announced by PennyMac Financial Services. Stanford L. Kurland, currently chairman and CEO, will assume the role of executive chairman. David A. Spector, currently executive managing director, president and chief operating officer, Read More →

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