PennyMac Financial beats analyst estimates for second quarter
Westlake Village-based PennyMac Financial Services reported a net income of $74.3 million for the second quarter of 2016 on revenue of $207.8 million, exceeding analyst projection on earnings per share and revenue. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of America, reported earnings of Read More →
Transportation future up to Ventura County voters
Ventura County has a once-in-a-generation opportunity to take control of its future. Going before voters in November is a Transportation Investment and Expenditure Plan that would for the first time give Ventura County a dedicated sales tax revenue stream for transportation upgrades and environmental improvements. The plan, crafted by the Ventura County Transportation Commission, was Read More →
Pennymac declares cash dividend of 47 cents per share
PennyMac Mortgage Investment Trust has declared a cash dividend of 47 cents per common share for the second quarter of 2016. This dividend will be paid on July 28 to common shareholders of record as of July 14, 2016. Based in Moorpark, PennyMac Mortgage Investment Trust is a mortgage real estate investment trust that invests Read More →
PennyMac Financial misses Wall Street estimates
Moorpark-based PennyMac Financial Services reported a $26.5 million profit on revenue of $143.4 million for the first quarter of 2016, missing Wall Street expectations on earnings per share and revenue. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of America, reported earnings of 23 cents Read More →
Tight housing market in Ventura County lures investors
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PennyMac beats profit expectations but misses on revenue
Moorpark-based PennyMac Financial Services reported a $68.9 million profit on revenue of $187.2 million for the fourth quarter, beating Wall Street expectations on profit but missing on revenue. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of America, reported a profit 58 cents per share Read More →
VC Credit Union maps expansion
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