Home » Short Takes: Forbearance Servicing: A Profit Center / Temporary Status / LoanCare is Swamped / PennyMac’s Share Buyback / A Slight Decline in Ginnie Issuance

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Short Takes: Forbearance Servicing: A Profit Center / Temporary Status / LoanCare is Swamped / PennyMac’s Share Buyback / A Slight Decline in Ginnie Issuance

June 11, 2020

Paul Muolo

PennyMac Financial, the nation’s fourth largest originator, repurchased 7 million shares of common, a move that reduces its unit count by 8.5%.

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Short Takes: Forbearance Servicing: A Profit Center / Temporary Status / LoanCare is Swamped / PennyMac’s Share Buyback / A Slight Decline in Ginnie Issuance

Latest Imf News

Fannie, Freddie Differ With Portfolio Additions in 1Q

Stalled Housing Package Seen as Boost for Midterm Prospects

Onity Cites Headwinds as Income Declines in First Quarter

Attorneys See Plenty of Fair Lending Risks Despite CFPB’s ECOA Shift

Featured Data

Mortgage Complaints Filed With the CFPB Surge in 1Q

Depository Servicers End Slide in Servicing Share

Bulk Agency MSR Sales Back to Normal in First Quarter

Cars, Data Centers Drive 1Q26 ABS Issuance Surge

Featured Reports

2026 Mortgage Market Statistical Annual (PDF)

IMF HMDA Dashboard: 2025

Mortgage Servicing Rights Report: 4Q25 (PDF)

Agency Seller-Issuer Profile: 4Q25 (PDF)

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