PennyMac earns $37.3 million in 4Q 2013

PennyMac reported net income of $37.3 million for the fourth quarter of 2013, on revenue of $90.4 million. The GSE closed and transferred two previously announced bulk mortgage servicing rights portfolio acquisitions totaling $20.1 billion in UPB, with co-investment by PennyMac Mortgage Investment Trust in the excess servicing spread …read more