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PennyMac Financial Services (FRA:1AC) Credit Losses Provision


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What is PennyMac Financial Services Credit Losses Provision?

Credit Losses Provision only applies to banks.


PennyMac Financial Services (FRA:1AC) Business Description

Traded in Other Exchanges
Address
3043 Townsgate Road, Suite 200, Westlake Village, CA, USA, 91361
PennyMac Financial Services Inc is a United States-based financial services company primarily engaged in mortgage lending. The company operates through three segments: production, servicing, and investment management. The company's production and servicing segment together form the mortgage banking business that includes mortgage loan origination, acquisition, and sale activities; while the investment management segment includes investment manager's activities, such as performing diligence, and managing acquired assets. The company generates the majority of revenue from its mortgage banking business.