PennyMac Announces New Servicing Advance Financing
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today announced that it has completed an agreement for new servicing advance financing through PNMAC GMSR ISSUER TRUST (the “Trust”), an indirect, wholly owned subsidiary of PFSI. Under this agreement, the Trust has issued new GMSR Servicing Advance Notes. The structure enhancement, which has been in development since early 2019, will provide PFSI enhanced liquidity to directly support its servicing advanc
PennyMac Announces New Servicing Advance Financing
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today announced that it has completed an agreement for new servicing advance financing through PNMAC GMSR ISSUER TRUST (the “Trust”), an indirect, wholly owned subsidiary of PFSI. Under this agreement, the Trust has issued new GMSR Servicing Advance Notes. The structure enhancement, which has been in development since early 2019, will provide PFSI enhanced liquidity to directly support its servicing advanc