New York | In this latest edition of the Premium Service of The Institutional Risk Analyst, we take a look at the Q3 2020 results for PennyMac Financial Services (NYSE:PFSI), which is the manager of the REIT, PennyMac Mortgage Investment Trust (NYSE:PMT). PFSI is one of the best performers in the residential mortgage industry. The firm's stock routinely traded at or above book value even before the current low interest rate environment.
Nonbank Update: PennyMac Financial Services
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