Latest Pennymac News & Updates

See the latest news and media coverage for Pennymac. We track all announcements, press releases, and industry mentions in real time, all in one place.

Pennymac

National mortgage lender and servicer

pennymac.com

Headquarters: Westlake Village, United States
Founded year: 2008
Company type: Public company
Number of employees: 1,000–6,000
Industry: Banks

Last updated Today

Latest news about Pennymac

In short: Pennymac reported a sharp decline in Q2 profits and missed analyst estimates as high interest rates impacted mortgage lock volumes.

Company announcements

June 16 Pennymac

Pennymac names AWS as preferred cloud provider

The expanded agreement will deploy generative AI and commercialize its servicing platform.

June 11 Pennymac

Pennymac raised over $3 million for brain cancer research

The 5th annual Stanford L. Kurland Memorial Golf Classic achieved this goal, continuing the fight against brain cancer.

April 30 Pennymac

Pennymac names AI servicing technology Plaisse

Plaisse, a proprietary cloud-based AI tool developed by servicers for servicers, enhances mortgage loan servicing efficiencies and homeowner experience.

April 21 Pennymac

Pennymac launches Welcome Home Athlete Mortgage Program

The program offers specialized support for active Team USA athletes and alumni. It expands Pennymac's role as Official Mortgage Provider of Team USA and LA28 Games.

Media coverage

July 29 National Mortgage News

Pennymac results didn't meet management's expectations

PennyMac Financial Services admitted its second quarter results failed to meet expectations because of high interest rates, as well as funding the technology initiatives in...

July 29 Seeking Alpha

PennyMac outlines ~$60M annualized cost savings as it targets a return to mid-teens ROEs

"With a smaller projected origination market due to higher interest rates, we expect adjusted ROEs to remain in the high single digits through 2026" and...

July 29 Seeking Alpha

PennyMac Mortgage Investment Trust outlines plan for approximately 30 securitizations in 2026 as it agrees to sell $13B of Agency MSRs

PMT Q2 2026 earnings call recap: $0.40 dividend outlook, $13B MSR sale, and pivot to higher-yield securitizations amid rate shifts—read now.

July 29 HousingWire

Pennymac profit drops in Q2 as rates bite, layoffs follow

PennyMac posted Q2 net income of $22 million, down 84% YoY, as lock volume fell 18% and adjusted ROE slipped to 7%.

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