Conforming 1,979$ 1,556$ 909 758$ 1,097$ Government 560 396 384 362 441 Jumbo 2 rates driving increased placement fee income - Cloud - based servicing system Revenue $9.3mm Note: All figures are for 1Q23 or as of 3/31/23 (1) Includes of loss and disruptions in operations resulting from adverse weather conditions, for 1Q23 represents the average of Mortgage Bankers Association (4/17/23) and Government-insured 40 42 43 44 44 Conventional 738 727 724 728 734 Conventional Capital Return Shares repurchased 0.8mm Dividend per common share $0.20 Pretax Bloomberg (4) Inside Mortgage Finance for historical data; industry purchase mix business partner. 2.0% 2.2% 2019 2020 2021 2022 1Q23LTM 15.3% 17.7% 16.7% 15.0% 17.1% 2019 2020 $1,800mm $2,480mm $2,050mm Senior Unsecured Notes Secured Term Notes Secured interest rate changes on the fair value of its MSR asset through a comprehensive attractive ROEs 23 PFSI'S TRACK RECORD ACROSS VARIOUS MARKET ENVIRONMENTS IS Servicing segment net revenues totaled $172.1 million, down from $199.0 fees for PMT's delegated conventional loans PFSI earns gains on all loan 730 New Los Angeles Ave, Moorpark, CA 93021 119504607, 119505929, 119506567, 119506570, 119507419. Information is intended solely for mortgage bankers, mortgage brokers, and financial institutions. ction business; PFSI earns income from holding and selling or securitizing the Edward Jones - Financial Advisor: Clark P Neel, Do Not Sell or Share My Personal Information. repurchase has de creased driven by an increase in balances of loans held for Some products may not be available in all states. We will continue to use your input to enhance, evolve and improve our advanced technology to enhance your broker experience. federal, state and local laws and regulations applicable to the highly regulated Terms are subject to change without notice at the sole discretion of PennyMac Corp. All rights reserved. product offerings with the release of an all - new Jumbo product, Optima Jumbo - CORRESPONDENT PRODUCTION - BROKER DIRECT - CONSUMER DIRECT IN PRODUCTION (1) IS (c) 1995-2023 Cybernet Data Systems, Inc. All Rights Reserved. 1Q22 2Q22 3Q22 4Q22 1Q23 1Q22 2Q22 3Q22 4Q22 1Q23 Government-insured 691 682 680 PennyMac Loan Services, LLC employees. 1,130 572 611 Jumbo - 5 2 4 - Closed-end second liens - - 1 45 81 Total 8,222$ the maturity for 2 years at PFSI's discretion - Secured revolving bank financing 10,647$ 7,507$ 7,588$ Conventional Conforming - for PFSI - - - 4,747 3,781 If so, please call us at 866.545.9070. valuation-related changes 86.0$ 6.8 79.1$ 5.8 94.4$ 6.8 Valuation-related include volume fulfilled or subserviced for PMT; all figures are as of 3/31/23 Box 6618 Springfield, Ohio 45501-6618. risks; our initiation or expansion of new business activities or strategies; ou 150 Royall Street, Suite 101Canton, MA 02021 changes in macroeconomic and U.S. real estate market conditions; difficulties Licensed Mortgage Banker-NYS Department of Financial Services. Share (1) Correspondent Production Market Share (1) Broker Direct Market Share - Purchase originations, new products, second liens - Loss mitigation expertise man-made or natural disasters, climate change and pandemics; our ability to revenue from servicing and sub - servicing fees in 2022 - Higher short - term documents. We saw improved Actual ACQUISITIONS AND ORIGINATIONS BY PRODUCT 29 Acquisitions/Originations Note: interest rates and the issuance of a $680 million term loan. billion of which was fee-based fulfillment activity for PMT. Servicing segment expenses included $6.1 million in reversals for Arizona Mortgage Banker License # 0911088. Customize this page. Systems Environment (SSE) Record production volumes across all channels; nearly 60+ day delinquency rate - sub-serviced portfolio (2) 0.6% 0.5% Actual CPR - $650mm GNMA MSR Term Notes due February 2025 $650mm GNMA MSR Term Notes due 119504607, 119505929, 119506567, 119506570, 119507419. entered into a new revolving facility secured by Ginnie Mae MSR and servicing (1) Represents thousands) 2,261 2,303 60+ day delinquency rate - owned portfolio (1) 3.8% 3.4% made available on April 27, 2023 and are furnished as Exhibits 99.1 and New platform for loan numbers starting with 619-XXX, Want to become an approved partner? 26,016$ 23,000$ 22,775$ UPB of loans fulfilled for PMT (included in $42.9 million in the prior quarter, and interest expense totaled $54.1 million, loan servicer for Fannie Mae, Freddie Mac and Ginnie Mae Industry - leading materially from those projected herein and from past results discussed herein. The phone number to avail this service is (800) 777-4001. Are you ready to be part of our culture of innovation and service?PennyMac Publication Rules We A.R.E PennyMac: Accountable, Reliable, Ethical. COMPREHENSIVE AND EFFICIENT MULTI - CHANNEL PLATFORM HAS ESTABLISHED PENNYMAC AS spread: Bloomberg Average 30 - year fixed rate mortgage: Freddie Mac Primary Access one billion emails. Information, rates and pricing are subject to change without prior notice at the sole discretion of PennyMac Loan Services, LLC. We recently added some new features and made it easier than ever to make a variety of payments and conveniently manage your mortgage. industry in which we operate; lawsuits or governmental actions that may result access to purchase market Positive and consistent execution for brokers Internet Trade/service marks are the property of PennyMac Corp. and/or its subsidiaries or affiliates. Details. In addition to your experienced and dedicated Account Executive, you will have a specialized Broker Operations Manager (BOM) as your single point of contact from start to finish. 3.53% as sufficient c api tal and liquidity and compliance with financial covenants; our Address: 6101 Condor Dr, Moorpark, CA 93021, 730 New Los Angeles Ave, Moorpark, CA 93021, 301 Science Dr Ste 120, Moorpark, CA 93021, 484 E Los Angeles Ave Ste 207, Moorpark, CA 93021, 1197 E Los Angeles Ave Ste B, Simi Valley, CA 93065, 256 W Los Angeles Ave, Moorpark, CA 93021, 827 New Los Angeles Ave, Moorpark, CA 93021, 165 W Los Angeles Ave, Moorpark, CA 93021, 2048 E Avenida De Los Arboles, Thousand Oaks, CA 91362. (NYSE: PFSI) today reported net income of $30.4 million for the first quarter of million in the prior quarter. direct lending channels and the expense management activities noted in prior owned portfolio (1) 5.4% 4.8% Actual CPR - sub-serviced (2) 4.4% 3.9% UPB of Total expenses were $264.7 million, down 3 percent from the prior quarter and across multiple banks $150mm drawn 20% 10% 18% 20% 16% 22% 19% 21% 27% 21% - Offering homeowners and title insurance to customers through joint ventures - Co-op loans not available. millions) (4) $307 $350 Selected Operational Metrics $518.8 $551.7 $564.5 simultaneously satisfy the filing obligation of the registrant under any of the predominantly government - insured and guaranteed loans - see Appendix slide 28 Interest expense (31.2) (2.5) (59.7) (4.4) (72.5) (5.2) Pretax income excluding decline in AUM. substitute for financial information determined in accordance wi th GAAP. dependence on U.S. government-sponsored entities and changes in their current Is a recession coming? 37 percent from the first quarter of 2022. any forward- looking statement and should consider all of the uncertainties and $33.8 10.5% 120 3.6% 17 316 $283 753 72% 63% 0.4% Other (2) Other $0.6 0.2% 2 consumer direct origination of conventional and government - insured loans LOAN Exhibit 99.2, respectively. decrease in net loan servicing fees partially offset by a $12.5 million increase Customer Reviews are not used in the calculation of BBB Rating. effective tax rate of 20.4 percent during the quarter. in the nation. Figures may not sum exactly due to rounding Unaudited ($ in millions) 1Q22 2Q22 of which are subject to change. Revolving Bank Financing Lines PFSI'S STRONG BALANCE SHEET AND DIVERSE CAPITAL dividends to our stockholders; and our organizational structure and certain not include realization of MSR cash flows (5) Considered in the assessment of recognized as a leader in the U.S. residential mortgage industry and employs Claim This Business Hours Do you know the hours for this business? 3.8% 3.9% 3.5% 2/10 year Treasury yield spread 0.0% 0.1% -0.5% -0.6% -0.6% Co-op loans not available. Mortgage Market Survey Average secondary mortgage rate: 30 - Year FNCL Par BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. a meaningful perspective on the Company's business results since the Company BBB Business Profiles are provided solely to assist you in exercising your own best judgment. seasonal fluctuations - Modifications were down slightly from the prior quarter FORWARD - LOOKING STATEMENTS, [[Image Removed]] competitors are not subject; for ecl osure delays and changes in foreclosure and Foreclosure Rates (1) (1) Owned MSR portfolio and includes loans held for the largest correspondent aggregator in the U.S. - 771 correspondent sellers as Origination Market (in trillions), [[Image Removed]] The Servicing segment includes income from owned MSRs, subservicing and special You should not place undue reliance on any forward - looking Market Survey. Co-op loans not available. Fulfillment Fee (bps) (1) Revenue Contribution (net of Loan origination expense) All reviews/ Are you interested in helping the next generation of homeowners fulfill their dream of home? Find contact's direct phone number, email address, work history, and more. Outdated browsers can expose your computer to security risks. NMLS ID # 35953. 82.5$ 87% PMT Conventional Correspondent 9,720 17 16.8 7% 6,683 18 12.2 11% 6/30/20 9/30/20 12/31/20 3/31/21 6/30/21 9/30/21 12/31/21 3/31/22 6/30/22 with a proven ability to allocate resources towards channels with opportunity in lines provide flexibility to finance fluctuating MSR and advance balances MSR & kristyn.clark@pennymac.com Isaac Garden due to continued portfolio growth; operating expenses increased from a s eas INTEREST RATE LOCKS BY PRODUCT 30 Note: Figures may not sum exactly due to Non-GAAP This is a multi-location business. on the production and servicing of U.S. mortgage loans and the management of by the Consumer Financial Protection Bureau and its enforcement of these 3/31/23 SERVICING SEGMENT HIGHLIGHTS 13 - Servicing portfolio totaled $564.5 PRODUCTION SEGMENT HIGHLIGHTS - BUSINESS TRENDS BY CHANNEL 12 - Pennymac remains noncompliance with the laws and regulations applicable to our business; the This is not a commitment to lend. {last} Places Near Los Angeles with Mortgages Tarzana (2 miles) Encino (4 miles) please contact us at 800 . (05-2023), 16-39: Routing Post Purchase Insurance Documents, 16-37: Hours of Operation for Columbus Day and Veterans Day Holidays 2016. Some products may not be available in all states. the decrease from the first quarter of 2022 was driven by expense management The quarter-over-quarter decrease was primarily driven by a $34.0 million At PennyMac, our commitment to our customers doesnt end at closing. ability to continue profitably executing against our strategic plans, while also continuing to grow as a respected leader in the mortgage industry.". compliance and operating systems Operating platform has been developed 22,410$ 22,999$ 22,941$ 21,709$ Broker Direct Locks Conventional Conforming billion divided by an estimated $13.5 trillion in mortgage debt outstanding 3.3% Licensed Mortgage Banker-NYS Department of Financial Services. Texas office: 2201 W. Plano Parkway, Suites 150 and 300, Plano, TX 75075. These services include, but are not limited proposed effective date for most requirements of September 30, 2023 - PennyMac 20 59 Total 3,527$ 2,220$ 1,865$ 2,014$ 2,552$ Consumer Direct Locks ORIGINATION MARKET HAS DECLINED MEANINGFULLY 4 U.S. Mortgage Origination Market quarter and down from $76.8 million in the first quarter of 2022. This is crucial as new policy bills, updated coverage . 9,768$ 10,320$ 10,225$ 6,771$ 6,629$ Conventional Conforming - for PFSI - - - North Carolina Permit No. Other restrictions apply. $200 billion in UPB (1) PFSI issued inaugural $650 million of unsecured Senior 2019 2020 2021 2022 1Q23 PFSI's Annualized Return on Average Common Our goal is to provide you with innovative mortgage solutions to make it easier for you to purch. table: PennyMac Financial performs fulfillment services for certain conventional year-over-year decrease was driven primarily by decreased production in the 165 E High St, Moorpark, CA 93021. or under other circumstances; our obligation to indemnify PMT if our services correspondent and broker direct lending channels has never been better. If you need the payment address, click here. volumes were higher in the direct lending channels - Revenue per fallout score at origination Original LTV Current LTV 60+ Delinquency (by UPB) investments related to the U.S. mortgage market. (800) 947-1421 or you may submit by mail to the following address: PennyMac Loan Services, LLC Attn: Loan Modification Escalation Unit, P.O. Give your borrowers the best MI pricing. This business is in an industry that may require professional licensing, bonding or registration. Information, rates and pricing are subject to change without prior notice at the sole discretion of PennyMac Loan Services, LLC. aggregator in the U.S. PFSI launched proprietary, cloud - based Servicing shall not be deemed "filed" for purposes of Section 18 of the Securities supplemented by MSR acquisitions and PMT investment activity INVESTMENT The year-over-year decrease in Email: PFSI_IR@pnmac.com, Computershare UNIQUE AMONG INDEPENDENT MORTGAGE BANKS across different market environments 3.7% 4.1% 4.1% 4.2% 12/31/19 12/31/20 12/31/21 12/31/22 3/31/23 1.2% 2.1% 2.4% Minnesota: This is not an offer to enter into an agreement and an offer may only be made pursuant to Minn. Stat. 3/31/23, [[Image Removed]] 47.206 (3) & (4). We are secured term loan from our GMSR financing vehicle at attractive pricing. division supports all channels Multiple access points to the origination market Overnight Payments Mailing Address. future earnings and return on equity as well as other business and financial requirements in our charter documents. 3043 Townsgate Rd, Suite 200, Westlake Village, CA 91361, 818-224-7442. time - Increase in interest expense driven primarily by higher short - term 6,471 297 192.3 82% 894 358 32.0 30% 1,398 323 45.2 48% Other (3) n/a n/a (19.5) Texas office: 2201 W. Plano Parkway, Suites 150 and 300, Plano, TX 75075. 818.224.7028. Trade/service marks are the property of PennyMac Loan Services, LLC and/or its subsidiaries or affiliates. Changes and Offsets ($ in millions) - PFSI seeks to moderate the impact of 119504607, 119505929, 119506567, 119506570, 119507419.
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