Learn More about David A. Spector's net worth. Other restrictions apply. 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Dan Perotti , PFSIs Senior Managing Director and Chief Financial Officer will discuss the financials in more detail later on in this discussion. PennyMac Financial Services, Inc. (NYSE: PFSI) announced today that Doug Jones, President and Chief Mortgage Banking Officer, joined its Board of Directors effective March 1, 2023. David Spector Net Worth, Biography, and Insider Trading David Spector is currently Chairman of the Board, President and Chief Executive Officer at PennyMac - View - PennyMac org chart This balanced business helps generate strong results across a variety of market and rate environments. PennyMac | Better Business Bureau Profile Since the start of 2020, we have repurchased approximately 13% of the PFSI shares that were outstanding at the beginning of 2020. The history of PennyMac Financial was borne out of the Great Financial Crisis, with a desire to help distressed borrowers. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.29%. Finally, Barclays lifted their price objective on PennyMac Financial Services from $58.00 to $69.00 and gave the company an equal weight rating in a report on Friday, February 3rd. I am Barclays' consumer finance analyst, Mark DeVries. The Investment Management segment consists of sourcing, performing diligence, bidding and closing investment asset acquisitions, managing correspondent production activities and managing the acquired assets. However, he will become a special advisor to David Spector, chairman and chief . Dans son rle . Please. David Spector's most profitable transaction was an Informative Sell of PMT stock on March 22, 2019. {{ userNotificationState.getAlertCount('bell') }}. Learn More on David A. Spector's contact information. David Spector President and Chief Executive Officer Lior Ofir Senior Managing Director & Chief Information Officer Stanford L. Kurland Executive Chairman Amir Pirnia SVP Engineering Production segment pretax income was $244.4 million, down 33% from the prior quarter and 55% from the second quarter of 2020. In total, these strong acquisition and origination volumes continue to drive the organic growth of our servicing portfolio despite elevated prepayment activity. David A. Spector - Biography - MarketScreener.com President & CEO David Spector sold 30,000 shares of PFSI stock on 01/12/2021 at the average price of $57.43. Net income was $453 million or diluted earnings per share of $5.97 resulting in book value growth per share of 15% to $47.80, up from $41.67 at the end of the prior quarter. Lastly, originations in our broker direct channel totaled $4 billion in UPB, down 22% from the prior quarter. PennyMac Financial Services' insider roster includes Anne Mccallion (Director), Farhad Nanji (Director), and David Spector (CEO). 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. On Monday, December 12th, David Spector sold 12,750 shares of PennyMac Financial Services stock. We'll review your feedback and if you chose to be contacted, we will respond within 1-2 business days. PennyMac is a mortgage lender and servicer headquartered in Westlake Village, California. The decrease from the prior quarter was primarily driven by a $76 million decrease in EBO loan-related revenue. Texas office: 2201 W. Plano Parkway, Suites 150 and 300, Plano, TX 75075. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $69.50. In July, originations for our consumer direct channel totaled $3.5 billion and locks totaled $5.5 billion. PennyMac Financial again delivered outstanding financial performance in the second quarter, driven by continued strong production and core servicing results partially offset by net MSR fair value declines. PennyMac Financial Services can also be reached via phone at (818) 224-7442 and via email at [emailprotected] Learn More on David A. Spector's contact information. In total, loan acquisition and origination volumes were $61 billion in the second quarter. Now I'd like to begin by introducing David Spector, PennyMac Financial's Chairman and Chief Executive Officer who will review the Company's fourth quarter and full-year 2022 results. PFSI's Board of Directors also declared a second quarter cash dividend of $0.20 per share. As Andy described earlier, all of this record production feeds our servicing portfolio, which at December 31, 2020 totaled $426.8 billion in UPB, up 6% from the end of the third quarter and up 16% over the end of 2019. 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. Revenue per fallout-adjusted lock was 343 basis points in the quarter, a decrease from the first quarter. We believe the growth opportunities in front of us to be substantial and as we continue to grow our direct lending channels, we expect PennyMac Financials exceptional financial performance to persist through 2021. Learn More on David A. Spector's salary. David A. Spector Age : 59 Public asset : 66,368,555 USD Linked companies : PennyMac Financial Services, Inc. - PennyMac Mortgage Investment Trust Summary David A. Spector is a businessperson who has been the head of 9 different companies. As of the end of the year we have helped, or are in the process of helping, approximately 145,000 borrowers successfully emerge from their forbearance plans. Thank you, Dan. The company reported a net income of $1 billion in 2021, down from a record of $1.6 billion in the previous year. As we outlined in our Investor Day, we see additional opportunities resulting from changes to the GSE's preferred stock purchase agreement. The price of the stock has decreased by 8.12% since. Contact our customer service team with any inquiries by sending us a message through the Message Center by simply logging in to your account. 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 . The most recent insider tranaction occured on March, 1st when insider Steven Richard Bailey sold 13,604 shares worth more than $825,762.80. 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. Thank you, Isaac. PENNYMAC Careers and Employment | Indeed.com Currently, he occupies the position of Chairman at PNMAC Mortgage Opportunity Fund LLC, Chairman of PNMAC Mortgage Opportunity Fund LP, Chairman-Trustees Board & CEO at PennyMac Mortgage Investment Trust, Chief Executive Officer for PennyMac Corp. (a subsidiary of PennyMac Mortgage Investment Trust) and Chairman & Chief Executive Officer for PennyMac Financial Services, Inc., Chairman & Chief Executive Officer for PNMAC Holdings, Inc., Chief Executive Officer of PNMAC Capital Management LLC, President & Chief Executive Officer for Private National Mortgage Acceptance Co. LLC and Chief Executive Officer for PennyMac Loan Services LLC (which are all subsidiaries of PennyMac Financial Services, Inc.). Recent economic forecasts for 2021 originations range from $3.6 trillion to $4.2 trillion, while average forecast for 2022 originations remained strong at $2.7 trillion. This high level of efficiency was largely due to our cloud-based, proprietary servicing system, otherwise known as SSE. David Spector - Chairman and Chief . Stanford Kurland, who went from being pushed out of the No. Pretax income excluding valuation related changes in our servicing segment in 2020 more than doubled from 2019 as we assisted borrowers emerging from forbearance using various loss mitigation strategies. This net worth estimate does not reflect any other assets that Mr. Spector may own. Is this happening to you frequently? Roles that David Spector holds in companies, The most profitable trade made by David Spector, List of latest transactions for each holding click on a transaction to see David Spector's performance on stock. Our costs vary by channel, ranging from approximately 15 basis points in correspondent to 150 basis points in consumer direct. PennyMac Loan Services, LLC PO Box 950002 Fort Worth, TX 76155-9802, PennyMac Loan Services, LLC PO Box 5133 Thousand Oaks, CA 91359-5133, 3043 Townsgate Rd, Suite 200 Westlake Village, CA 91361 818.224.7442. We built our correspondent business into the largest in the U.S. over the last decade while at the same time growing our servicing portfolio, primarily organically. Finally, transactions like these provide meaningful savings to PennyMac Financial over the life of the loan while providing the opportunity for redelivery in the future. PennyMac Financial Services Inc had annual average EBITDA growth of 35.90% over the past five years. Pennymac's servicing portfolio grew to $518 billion in unpaid balance, up 2% from Dec. 31, 2021, and 16% from March 31, 2021, led by production volumes which more than offset prepayment activity,. 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