Pennymac Financial Services, Inc. · NYSE:PFSI
Pennymac Financial Services — Corporate Update (March 2020)
6 slides from Pennymac Financial Services's corporate update, Mar 16, 2020
Slide 1: Investor Update March 16, 2020
Investor Update March 16, 2020
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains 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 r
Slide 3: Recent Developments Quarter to Date
Recent Developments Quarter to Date Financial markets have demonstrated significant volatility related to the spread of the novel coronavirus and potential economic slowdown in the near term (spending and work interruptions) and over the longer term (increased risk of recession) Interest rates h
Slide 4: Changes in the Market Environment and Impact on PFSI's Liquidity
Changes in the Market Environment and Impact on PFSI’s Liquidity Item Liquidity Considerations Increased loan production volumes Warehouse financing is diversified across nine large global banks with facilities totaling $5.9 billion; sized for elevated production volumes(1) Loss in value of pr
Slide 5: Operational Response to the Coronavirus Spread
Operational Response to the Coronavirus Spread Our response has built on our existing business continuity and incident response plans – PennyMac has successfully navigated periods of market volatility and operational disruptions over its 12+ year history Over 4,200 mortgage professionals are well-di
Slide 6: Public Float Continues to Increase Following Recent BlackRock Transfer
Public Float Continues to Increase Following Recent BlackRock Transfer On February 13, BlackRock announced PFSI Ownership as of March 13, 2020 that it had contributed its ownership in PFSI to two charitable entities, the BlackRock Charitable Fund and The BlackRock Foundation Mgmt & Directors, ‒ Th
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