PennyMac Q3-to-date correspondent acquisitions up 35% MoM in Aug; servicing portfolio reaches $584B UPB

PennyMac Financial Services, Inc.

Correspondent acquisitions $7.7B in Aug (+35% vs Jul); locks $9.4B (+56% vs Jul).
Broker Direct originations $0.8B in Aug (+9% vs Jul); locks $1.1B (+19% vs Jul).
Gain-on-sale margins through Aug consistent with Q2 2023 levels.
Servicing portfolio grew to $584B UPB as of Aug 31, up from prior quarter.
18% of servicing UPB has note rate >=5%, up from 15% prior quarter (improving rate exposure).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.