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Situs Receives “Industry Contributor of the Year” Award by Real Estate Finance & Investment

The REFI Financing Awards 2017 recognizes industry leaders that have demonstrated exceptional performance, customer satisfaction and innovation over the past 12 months. Judges placed particular emphasis on structural innovations, adaptation to the changing capital markets, and responsiveness to client needs and market response.

The winners were announced at a lunch and presentation ceremony that took place at 583 Park Avenue in New York on February 14.

“We strive to present clients with an expansive and dynamic suite of solutions that keep them ahead of market trends, so to be recognized for our overall contributions is very gratifying,” said Steve Powel, CEO of Situs. “We look forward to continuing to setting the standard and defining what it means to be a financial services provider.”

ABOUT SITUS

Situs is the premier global provider of strategic business solutions for the finance and commercial real estate industries, trusted to evaluate, optimize, and manage critical assets and securities; from commercial and residential real estate, to small and medium enterprise and consumer lending. Since 1985, Situs has set the standard in financial services for service, quality and execution. Based in Houston, TX, Situs has offices across the US, Europe and Asia and has been involved in more than $1 trillion of real estate debt and equity deals. A rated servicer with Moody’s, Fitch and Morningstar, Situs has more than $160 billion of assets under management and is ranked a top 20 servicer in multiple categories by the Mortgage Bankers Association. In 2016, Situs received a second consecutive “Advisor of the Year” award by Real Estate Finance & Investment magazine, and the “Capital Advisor Firm of the Year” award by Property Investor Europe.

Jeffrey Grogin Sells 9000 Shares of PennyMac Financial Services Inc (PFSI) Stock

PennyMac Financial Services (NYSE:PFSI) last announced its earnings results on Thursday, February 2nd. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. The company had revenue of $289.30 million for the quarter, compared to analyst estimates of $248.26 million. PennyMac Financial Services had a return on equity of 5.54% and a net margin of 7.09%. The firm’s quarterly revenue was up 54.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.58 earnings per share. Equities research analysts anticipate that PennyMac Financial Services Inc will post $2.97 EPS for the current year.

“Jeffrey Grogin Sells 9,000 Shares of PennyMac Financial Services Inc (PFSI) Stock” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another domain, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be read at https://www.thecerbatgem.com/2017/03/02/jeffrey-grogin-sells-9000-shares-of-pennymac-financial-services-inc-pfsi-stock.html.

Real Estate Financial service?

I have a concept for a financial real estate service and I would like some feedback on whether or not it could work.

Say someone has owned their home for several years and own a large amount of equity in their property "lets say $65,000".


It won't work. For the sake of clarity, lets assume the house was purchased for 165k and the owner has, as you say, 65k in equity. The third party investor is supposed to buy the house for 165k? Why would anybody do that, where is their profit?