Pennymac Correspondent Group Expands Product Suite with Launch of Non-QM Offerings

(NYSE:PFSI) WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (Pennymac) today announced that its Correspondent Group will launch a new suite of non-qualified mortgage (non-QM) products on September 22. These products will expand access to flexible financing for borrowers who do not meet traditional agency criteria. Pennymac Correspondent Group’s new product types include: Debt Service Coverage Ratio (DSCR): For real estate investors where loan qualification is based