Name | Value |
---|---|
Revenues | 772.6M |
Cost of Revenue | 55.8M |
Gross Profit | 716.8M |
Operating Expense | 440.5M |
Operating I/L | 276.3M |
Other Income/Expense | -258.4M |
Interest Income | 164.9M |
Pretax | -54.2M |
Income Tax Expense | -17.4M |
Net Income/Loss | -36.8M |
PennyMac Financial Services, Inc. operates in mortgage banking and investment management in the United States. The company's Production segment focuses on originating, acquiring, and selling first-lien residential conventional and government-insured or guaranteed mortgage loans. Its Servicing segment manages loan administration, collection, default management, and loss mitigation activities. The Investment Management segment sources, performs diligence, and manages investment asset acquisitions. The company generates revenue through loan origination, servicing fees, and investment asset management. PennyMac Mortgage Investment Trust is also managed under this segment.