PennyMac Financial Services, Inc. - Form 8-K Filing

This Form 8-K filing by PennyMac Financial Services, Inc. announces an investor update to be presented at the Barclays Global Financial Services Conference. The update, furnished as Exhibit 99.1, provides a business overview for the third quarter of 2026. Key highlights include: Correspondent acquisitions of $10.5 billion and broker direct originations of $3.7 billion, totaling $16.6 billion in originations quarter-to-date. Interest rate lock commitments include $11.0 billion in correspondent locks and $4.3 billion in broker direct locks, totaling $18.2 billion. The Production Segment anticipates lower pretax income than Q2 2026 due to a decline in pull-through adjusted lock volume, with an expected revenue margin of 75-85 basis points. The Servicing Segment expects higher pretax income than Q2 2026, despite a projected 10%+ decline in MSR cash flows due to lower prepayment speeds. The owned servicing portfolio stands at $503 billion in UPB, an increase from June 30th. Corporate pretax loss is expected to be similar to Q3 2025.