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RidgeHavenCapital

PFSI Broke out of Tight Trading Range

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PennyMac Financial Services, Inc. (NYSE:PFSI)  
RidgeHavenCapital  
NYSE:PFSI   PennyMac Financial Services, Inc.
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The break-out coincided by a note from Piper Jaffray about outperformance among Mortgage Originators. This was followed by decent performance by major Wall Street banks this week in their earnings reports. Many showed 30% Q over Q growth in either mortgage revenues or origination volume.
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