Pennymac Financial Services, Inc. · NYSE:PFSI

Pennymac Financial Services — Barclays Global Financial Services Conference 2017

11 slides from Pennymac Financial Services's conference presentation, Sep 11, 2017

  1. Slide 1: Barclays Global Financial Services Conference

    Barclays Global Financial Services Conference September 11, 2017

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This presentation forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding management’s beliefs, estimates, projections and assumptions with respect to, among other things, the Company’s financial results, f

  3. Slide 3: PennyMac Financial Is a Leading Mortgage Enterprise

    PennyMac Financial Is a Leading Mortgage Enterprise A balanced mortgage banking Leveraging Our Market Leadership business model Position for Further Growth  Best-in-class enterprise, organically  Industry leading market position in built and led by a seasoned servicing and production management te

  4. Slide 4: Consistent Growth in Shareholder Value

    Consistent Growth in Shareholder Value Book Value Per Share 23% CAGR $16.40 $15.49 $12.32 $9.92 $8.04 $7.27 6/30/2013 12/31/2013 12/31/2014 12/31/2015 12/31/2016 6/30/2017 4

  5. Slide 5: Mortgage Market Environment

    Mortgage Market Environment  Mortgage rates, while volatile, have declined 54 bps Average 30-year fixed rate mortgage(1) 5.0% thus far in 2017 as compared to year-end 2016 levels(1)  Applications for refinance-purposed mortgages have 4.5% 4.32% decreased 39% from the same period a year ago(2) 3.78

  6. Slide 6: Consistent Market Share Growth in Our Businesses

    Consistent Market Share Growth in Our Businesses Correspondent Production(1) Loan Servicing(1) Market Share Market Share 12.0% 10.95% 2.4% 2.21% 9.65% 1.89% 10.0% 2.0% 7.68% 1.59% 8.0% 7.30% 1.6% 6.0% 1.2% 1.07% 4.0% 0.8% 2.0% 0.4% 0.0% 0.0% 2014 2015 2016 2Q17 2014 2015 2016 2Q17 Consumer Direct Pr

  7. Slide 7: Mortgage Production Channels

    Mortgage Production Channels Correspondent Production Correspondent Production ($ in billions) $30.2  #2 correspondent producer(1) $24.3  Cost-efficient and highly scalable industry-leading platform  Purchase-money production orientation (82% in 2Q17)  Nearly 600 seller relationships nationwide

  8. Slide 8: Mortgage Loan Servicing

    Mortgage Loan Servicing Consistent servicing portfolio growth from organic loan  Organically built, legacy free servicing operations production, supplemented by strategic bulk acquisitions – Portfolio of $229 billion in UPB has grown consistently across different interest rate / Servicing Portfolio

  9. Slide 9: Investment Management Segment Highlights

    Investment Management Segment Highlights  Investment management generates recurring fee- Successful capital raising activities to based income from management fees in addition to facilitate growth in attractive investments incentive fees based on performance for PMT  Net assets under management we

  10. Slide 10: PennyMac Financial's Pioneering GNMA MSR Financing Structure

    PennyMac Financial’s Pioneering GNMA MSR Financing Structure  As a market leader in government-insured production and servicing, we worked closely with Ginnie Mae to develop an innovative financing structure for GNMA MSRs  Structure consists of two parts: a variable funding note (VFN) financed und

  11. Slide 11: Drivers of Continued Success

    Drivers of Continued Success  Continued growth of production volumes – Correspondent growth driven by increasing the number of seller relationships and focus on purchase- money loans – Consumer direct will be driven by our growing loan servicing portfolio, non-portfolio growth, and opportunities su

PennyMac Financial Services — Barclays Global Financial Services Conference 2017 on 6ix