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Stock impact report

PennyMac Financial Services, Inc. Launches Home Equity Lending Product

PennyMac Financial Services, Inc. (PFSI) 
Last pennymac financial services, inc. earnings: 2/6 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.pennymacfinancial.com
Company Research Source: Business Wire
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)-- PennyMac Financial Services, Inc. (NYSE: PFSI) today announced the launch of a Home Equity Line of Credit (HELOC) product being offered through its wholly-owned subsidiary, PennyMac Loan Services, LLC. The HELOC product is designed to support the financing needs of its 1.4 million customers by offering them a flexible way to use their home equity for home improvements, debt consolidation and other expenses while allowing them to maintain their current first-mortgage interest rates. “We are excited to announce PennyMac’s entry into the HELOC segment of mortgage finance,” said Doug Jones, Chief Mortgage Banking Officer. “We believe this is the right time to introduce this product to our customers who have seen the equity in their homes increase and want to keep their current first-mortgage interest rates. By taking this step, PennyMac becomes the only major non-b Show less Read more
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