PennyMac Financial Services’ Profit Sags But Beats Analyst Estimates

August 3, 2022

National Mortgage News, Aug. 3, 2022–Bonnie Sinnock (subscription)
Servicing income, certain secondary market gains, layoffs and other cost-cutting did more to offset the impact of the marketwide originations slump at PennyMac Financial Services than analysts expected, but its second-quarter earnings still fell relative to comparable prior periods.
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