In slides being presented at the Barclays Annual Global Financial Services Conference, PennyMac says Q3-to-date production segment pretax income is already exceeding the total amount reported in Q2. Correspondent margins are higher than in Q2, while broker direct margins are slightly higher than in Q2, and consumer direct margins are lower than in Q2. Expects GAAP return on equity in the third quarter to be in the mid-teens, and operating return on equity to be in the high-teens.
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