debt
confidence high
sentiment neutral
materiality 0.50
PennyMac enters $225M MSR financing facility with Goldman Sachs
PennyMac Financial Services, Inc.
- Maximum purchase price of $225 million under Series 2024-MSRVF1 master repurchase agreement with Goldman Sachs Bank USA.
- Facility finances Fannie Mae mortgage servicing rights, excess servicing spread, and servicing advance receivables.
- Initial term expires October 28, 2026 with outstanding purchase price amortized over 12 months thereafter.
- Obligations guaranteed by Private National Mortgage Acceptance Company (PNMAC) and cross-collateralized with other PLS-Goldman facilities.