david spector pennymac email

Headquarters. GuruFocus has detected 8 Warning Signs with PFSI. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.29%. The return on the trade was 60.70%. We encourage investors with any questions to reach out to our Investor Relations team by e-mail or phone. Thank you for sharing your valuable opinion. The price of the stock has decreased by 8.12% since. PennyMac Financial Services Inc has a market cap of $4.16 billion; its shares were traded at around $57.450000 with a P/E ratio of 3.36 and P/S ratio of 1.35. However, he will become a special advisor to David Spector, chairman and chief . For more information, review Pennymac's state licenses and important notices. David Spector also recently made the following trade(s): PFSI stock opened at $61.78 on Friday. As our production mix continues to shift towards direct lending, production expenses as a percentage of fallout adjusted locks are expected to trend higher. While industry production margins declined in the second quarter, we saw a smaller decrease in overall production margin given the mix shift towards our consumer direct lending channel. He currently serves as a senior advisor to TPG Capital, a global private investment firm, and . While our employee base grew by 60% during the year, our production volumes grew by 67% and our earnings increased by 328%. For the complete insider trading history of PFSI, click here. Revenue per fallout adjusted lock for PFSIs own account was 217 basis points in the fourth quarter, down slightly from 236 basis points in the third quarter. Strong production volumes across all 3 channels continue to drive the growth of our servicing portfolio despite the elevated level of prepayments. And I'm pleased to be joined by PennyMac Financial Services CEO,. 292 Pennymac reviews in Los Angeles, CA. Thank you. Direct lending locks were up 13% from the prior quarter, total correspondent lock volume was up 9% and the servicing portfolio was up 6% from the end of the third quarter. David A. Spector is also on the board of 7 other companies. Purchase originations in 2021 are forecasted to increase 10% year-over-year while refinance originations are expected to decrease but remain elevated relative to historical norms. On slide 14, you can see the fair value of our MSR decreased by $251 million in the second quarter and included $196 million in fair value losses as a result of higher expectations for prepayment activity in the future driven by lower mortgage rates and a flatter yield curve, as well as an additional $55 million in other valuation declines. PennyMac TPO Contact Information Principal Mr. David Spector, President/CEO Customer Contact Mr. David Spector, President/CEO Additional Contact Information Phone Numbers (702). All rights reserved. David Spector received compensation valued at about $12,375,328 in 2020 after becoming . A number of research firms recently issued reports on PFSI. Are you interested in helping the next generation of homeowners fulfill their dream of home? Revenue per fallout-adjusted government lock in the second quarter was 30 basis points, down from 37 basis points in the prior quarter. Segment revenue was $13.5 million, up 41% from the first quarter and 28% from June 30, 2020. Director, 10% Owner Stanford L Kurland sold 31,000 shares of PFSI stock on 12/23/2020 at the average price of $67.19. And we believe the role of a well capitalized correspondent aggregator like PennyMac will be increasingly important over time. PennyMac Financial's owned portfolio reported a prepayment speed of 28.3% in the second quarter, down from 32.6% in the prior quarter. With the large and growing servicing portfolio and an industry leading correspondent production group, PFSI is an established leader with a growing presence across all facets of mortgage banking. The committed pipeline at July 31 was $7.2 billion. How do I contact David A. Spector? David is based out of Agoura Hills, California, United States and works in the Financial Services industry. The dividend yield of PennyMac Financial Services Inc stocks is 0.93%. Additionally, we believe FHFA's elimination of the adverse market refinance fee has resulted in a larger population of loans that would benefit from a refinance at today's lower rates, further supporting the origination market. T. Rowe Price Investment Management Inc. raised its position in shares of PennyMac Financial Services by 5.4% during the 4th quarter. Thank you, David. View David Spector's email address (d*****@pennym***.com) and phone number. Within our consumer direct lending channel, initiatives include enhancing our lead generation capabilities and use of data analytics, in addition to increasing the use of digital marketing to drive non-portfolio originations. Chief Enterprise Ops Officer Jeffrey Grogin sold 13,521 shares of PFSI stock on 01/04/2021 at the average price of $62.53. No P&I advances have been made to date, as prepayment activity continued to sufficiently cover remittance obligations. (03-2023). Ready to apply or complete your application? In July, originations for our consumer direct channel totaled $3.5 billion and locks totaled $5.5 billion. On Monday, December 12th, David Spector sold 12,750 shares of PennyMac Financial Services stock. These businesses provide PFSI a stable foundation through their low cost structures while our scaled fulfillment operation enables more aggressive growth in our higher margin direct lending channels. 33% of correspondent acquisitions were government loans and 67% were conventional loans. Net income in the fourth quarter was the second highest in the history of the company. Thank you. Thank you Isaac. In our broker direct channel, we are focused on further reducing the length of our loan origination cycle via workflow enhancements and upgrades to our broker portal, POWER. Learn More on David A. Spector's salary. What was David Spector's most profitable transaction? Previously, Mr. Spector served as PennyMac Financials President and Chief Operating Officer. Mr. Spector earned a salary of $1,000,000.00, stock awards of $2,537,435.00, options awards of $1,101,254.00, non-equity compensation of $8,864,938.00, and other compensation of $71,597.00. Lastly, I would like to touch on the trends we are seeing related to forbearance and loss mitigation. Our Investment Management segment delivered pretax income of $2.6 million, down from $3.3 million in the prior quarter and down from $5.2 million in the fourth quarter of 2019. The stock was sold at an average price of $58.12, for a total value of $741,030.00. This concludes PennyMac Financial Services, Inc.s fourth quarter earnings discussion. As you can see in greater detail on slide 21, EBO loan-related revenue increased significantly to $233.3 million as a result of continued loss mitigation activity with borrowers emerging from forbearance while related expenses were modest as most of the loans bought out returned to performing status immediately. Our higher-margin consumer direct lending channel continued to expand, producing record locked and funded volumes during the quarter, which we estimate has resulted in a significant increase in market share. 119504607, 119505929, 119506567, 119506570, 119507419. No representations and warranties are made as to the reasonableness of the assumptions. Director, 10% Owner Stanford L Kurland sold 31,000 shares of PFSI stock on 01/07/2021 at the average price of $60.12. Fourth quarter performance was very strong across loan production and servicing and we continue to see the strength of our balanced business model in our results. Our balanced business model continues to deliver consistent profitability and value creation as it has done over the last seven years as a public company. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. #PennymacCaresVisit PENNYMAC.COM for details about how were assisting our family of customers during the COVID-19 crisis. The percentage of profitable transactions made by David Spector is 44%. Good afternoon, and welcome to the Fourth Quarter and Full-Year 2020 Earnings discussion for PennyMac Financial Services, Inc. These businesses are foundational to PFSI and not easily replicated. This growth in production is not only due to the significant investments we have made in our production technology, which Doug will elaborate on later, but is also due to the considerable investments we have made in people. While 2020 was a record, we have a long track record of strong performance. The expertise of our deep management team, combined with the technology investments we have made, support PennyMac's growth strategy in a changing mortgage market. View detailed PFSI description & address. Please disable your ad-blocker and refresh. PennyMac Financial Services Inc had annual average EBITDA growth of 35.90% over the past five years. While our servicing group was aiding borrowers, our corporate groups were ensuring our capital and liquidity were protected. These increases were primarily driven by continued loss mitigation activities related to COVID-19. This performance added to a remarkable year that saw PFSI achieve a return on equity of 62% with almost $200 billion in UPB of loans funded. Revenue per fallout-adjusted lock was 343 basis points in the quarter, a decrease from the first quarter. These returns have led to a 29% compounded annual growth rate in our book value per share since our IPO. David Spector Email Address Found 7 email address listings: @pennymacfinancial.com @countrywide.com @pennymacusa.com @pnmac.com @yahoo.com +2 more David Spector Phone Number Found 6 phone numbers: 818-292-XXXX 818-324-XXXX 818-224-XXXX 818-332-XXXX 212-761-XXXX +1 more View David's Email & Phone (It's Free) 5 free lookups per month. What was David Spectors latest transaction? If so, please call us at 866.545.9070. Texas office: 2201 W. Plano Parkway, Suites 150 and 300, Plano, TX 75075. David Spector's role in PennyMac Mortgage is Chairman & CEO, Director. David Spector President and Chief Executive Officer Lior Ofir Senior Managing Director & Chief Information Officer Stanford L. Kurland Executive Chairman Amir Pirnia SVP Engineering As a management team, we are committed to putting the health and safety of our team members at the heart of our decisions. Our balanced business with our large and growing servicing portfolio also becomes an increasingly important component of our earnings as interest rates increase, and we believe this provides a competitive advantage relative to others when the industry's origination volumes return to more normalized levels. All of these activities allowed us to not only fund record volumes of loans, but also effectively deploy capital into technology and operational projects, as well as repurchase a significant amount of our common stock. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.46. Servicing advances outstanding were approximately $454 million at December 31, up from $346 million at September 30, primarily associated with seasonal tax payments. Conventional correspondent acquisitions, for which PFSI earns a fulfillment fee from PMT, totaled $38 billion in UPB, up 39% from the prior quarter and 85% from the fourth quarter of 2019. T. Rowe Price Investment Management Inc. now owns 4,992,531 shares of the real estate investment trusts stock worth $282,877,000 after purchasing an additional 256,717 shares during the last quarter. Information on this page was last updated on 3/1/2023. In his role as President of PennyMac Financial, Mr. Jones is responsible for all business activities relating to the company's loan production and servicing operations. No cash balance or cash flow is included in the calculation. In total, these strong acquisition and origination volumes continue to drive the organic growth of our servicing portfolio despite elevated prepayment activity. These technology investments are critical drivers to the growth of our direct lending businesses. If you have additional questions or would like to speak with a Pennymac representative, please call (800) 777-4001. Additionally, PFSI's Board of Directors approved an increase to its stock repurchase authorization from $1 billion to $2 billion. Our balanced business model is a key strategic advantage for PFSI, which has consistently delivered outstanding returns across different environments, producing a 33% return on equity for the first half of 2021. Our large, organically built servicing portfolio provides a counter-balance to our production activity. These strong production volumes again led to servicing portfolio growth despite continued elevated prepayment activity. In total, loan acquisition and origination volumes were $61 billion in the second quarter. President & CEO David Spector sold 30,000 shares of PFSI stock on 01/12/2021 at the average price of $57.43. 10 Ratings. Since the start of 2020, we have repurchased approximately 13% of the PFSI shares that were outstanding at the beginning of 2020. This financial performance is driven by the balanced business model in mortgage banking that we have built over the last 13 years. This hiring mostly occurred in three key areas, servicing, direct lending and fulfillment services. David A. Spector is a businessperson who has been the head of 9 different companies. Direct lending locks were up 13% from the prior quarter, total correspondent lock volume was up 9% and the servicing portfolio was up 6% from the end of the third quarter. Tower Research Capital LLC TRC Increases Stake in Centrus Energy Corp. Tower Research Capital LLC TRC Boosts Stock Position in Centrus Energy Corp. UBS Group AG Increases Position in Northern Oil and Gas, Inc. Tower Research Capital LLC TRC Increases Position in ABB Ltd (NYSE:ABB), Tower Research Capital LLC TRC Has $254,000 Holdings in Daqo New Energy Corp. (NYSE:DQ), ABB Ltd (NYSE:ABB) Shares Bought by Tower Research Capital LLC TRC, Tower Research Capital LLC TRC Increases Stake in Centrus Energy Corp. (NYSEAMERICAN:LEU), Tower Research Capital LLC TRC Boosts Stock Position in Centrus Energy Corp. 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