secwatch.observer — SEC 8-K summary
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Issuer:     PennyMac Financial Services, Inc. (PFSI)
CIK:        0001745916
Form:       8-K
Filed at:   2023-09-11T23:59:59+00:00
Accession:  0001104659-23-099415
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1745916/000110465923099415/0001104659-23-099415-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1745916/000110465923099415/tm2325745d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-099415

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer