Pennymac Financial Services Inc. Launches Home Equity Line of Credit Product
January 21, 2019 at 01:13 pm EST
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PennyMac Financial Services Inc. launched a Home Equity Line of Credit product. The Home Equity Line of Credit product is designed to support the financing needs of its customers by providing them with a flexible way to use their home equity for home improvements, debt consolidation and other expenses, as well as allowing them to maintain their current first-mortgage interest rates.
PennyMac Financial Services, Inc. is a specialty financial services company, which is focused on the production and servicing of the United States mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: production, servicing (together, production and servicing comprise its mortgage banking activities) and investment management. The production segment performs loan origination, acquisition and sale activities for its account, as well as for PennyMac Mortgage Investment Trust (PMT). The servicing segment performs loan servicing for both newly originated loans it is holding for sale and loans its services for others, including for PMT. The investment management segment performs investment management activities for PMT, which include the activities associated with investment asset acquisitions and dispositions such as sourcing, due diligence, negotiation and settlement.
PENNYMAC FINANCIAL SERVICES, INC. 
