PennyMac Financial reports Q2 EPS $2.54, consensus $3.07

Reports Q2 revenue $444.73M, consensus $551.41M. “PennyMac Financial (PFSI) once again delivered solid financial performance, showcasing our enduring strength and strategic agility in today’s dynamic market landscape,” said Chairman and CEO David Spector. “Our multi-channel approach to production has allowed us to maintain a leading market position in today’s lower-volume, higher note rate origination market. In the second quarter alone, we acquired or originated nearly $40 billion in UPB of mortgage loans. This robust production also fueled the continued organic growth of our servicing portfolio, as it reached $700 billion in UPB with 2.7 million customers at quarter-end.”