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PNMAC Holdings, Inc. history
PNMAC Holdings, Inc. company history timeline
PennyMac was founded in 2008 (during the subprime mortgage crisis) by Stanford Kurland, the former President of Countrywide Financial, with financial support from BlackRock and Highfields Capital Management.
On 30 July, 2009, the company publicly listed the PennyMac Mortgage Investment Trust, a mortgage REIT managed through its subsidiary PNMAC. The IPO raised $335 million, less than half of the $750 million the company had expected.
On May 14, 2013, PennyMac Financial Services was listed on the New York Stock Exchange under the ticker PFSI, raising $200 million.
In 2019, PennyMac surpassed $1 billion in revenue for the first time.
The company more than doubled its annual revenue in 2020, mainly attributable to favorable business conditions due the low interest rates resulting from the federal government's efforts to fight the economic impact of the COVID-19 pandemic.
In 2020, PennyMac saw loan origination value surpass $36 billion across over 117,000 mortgages, making them the 15th largest mortgage lender by dollar value for this period.
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PNMAC Holdings, Inc. competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Rabo AgriFinance | 1984 | $2.0M | 5 | - |
| Berkeley Point Capital | 1987 | $115.0M | 73 | 1 |
| CoBank | 1916 | $1.6B | 1,117 | 120 |
| Avenue Capital Group | 1995 | $25.4M | 220 | - |
| Foreside Financial Group | 2005 | $13.2M | 337 | - |
| Florida Housing | - | $42.0M | 125 | - |
| SquareTwo Financial | 1994 | $202.7M | 200 | - |
| Encore Capital Group | 1998 | $1.4B | 6,604 | 32 |
| Caribbean Financial Group | 2006 | $2.8M | 10 | - |
| PGIM | 1875 | $845.0M | 665 | 104 |
PNMAC Holdings, Inc. history FAQs
Zippia gives an in-depth look into the details of PNMAC Holdings, Inc., including salaries, political affiliations, employee data, and more, in order to inform job seekers about PNMAC Holdings, Inc.. The employee data is based on information from people who have self-reported their past or current employments at PNMAC Holdings, Inc.. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by PNMAC Holdings, Inc.. The data presented on this page does not represent the view of PNMAC Holdings, Inc. and its employees or that of Zippia.
PNMAC Holdings, Inc. may also be known as or be related to PNMAC Holdings, Inc., PennyMac Financial Services, PennyMac Financial Services Inc and PennyMac Financial Services, Inc.