US EditionPennyMac's profits shrink, but its servicing portfolio hits $680 billion
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PennyMac's profits shrink, but its servicing portfolio hits $680 billion
PennyMac Financial Services Inc. (PFSI) on Tuesday reported net income of $76.3 million for the first quarter of 2025 after it posted revenue of $430.9 million. These numbers were down from the previous quarter’s figures of $104.5 million and $470.1 million, respectively. The California-based lender’s pretax income was $104.2 million, which was down from $129.4 million in Q4 2024 but up from $43.9 million in Q1 2024. “PennyMac Financial delivere…
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