secwatch.observer — SEC 8-K summary
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Issuer:     PennyMac Financial Services, Inc. (PFSI)
CIK:        0001745916
Form:       8-K
Filed at:   2024-12-19T23:59:59+00:00
Accession:  0001104659-24-130234
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PennyMac Financial extends management and servicing pacts with PMT through 2029; fee tiers modified
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- Base mgmt fee under 4th A&R: 1.5% of PMT equity up to $2B, 1.375% on $2-5B, 1.25% over $5B.
- Performance incentive fee payable annually; tiers: 10% on 8-12% ROE, 15% on 12-16%, 20% over 16%, with high-water mark.
- Servicing fees: $7.50/month per fixed-rate loan, $8.50 for adjustable; delinquency fees $18-$80/month.
- All agreements effective Jan 1, 2025, expire Dec 31, 2029, with auto-renewal for 18-month periods.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1745916/000110465924130234/0001104659-24-130234-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1745916/000110465924130234/tm2431496d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-130234

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