Pennymac Financial Services reported a profit of $39.3 million in the first quarter of 2024, with a pretax gain of $43.9 million. This marked an improvement from a pretax loss of $54.2 million in Q4 2023.
The company's loan production pretax income in Q1 2024 was $35.9 million, down from the prior quarter but up significantly from a loss of $19.6 million in Q1 2023, reflecting improved performance.
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