(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
Related Questions
How will the launch of non‑QM products impact Pennymac's loan origination volume and revenue guidance?
What pricing and margin expectations does Pennymac have for the new DSCR and other non‑QM offerings compared to its existing agency‑eligible products?
How does Pennymac's non‑QM product rollout compare to competitors' offerings and could it capture market share from other non‑QM lenders?