"Our production segment pretax income nearly tripled from last quarter as lower mortgage rates provided us the opportunity to help many customers in our servicing portfolio lower their monthly mortgage payments through a refinance..."
"The consumer direct channel had a 92% increase in production to $5.2 billion, with margins declining from 393 bps to 323 bps..."
#pennymac-financial-services #interest-rates #mortgage-industry #financial-performance #third-quarter-earnings
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