Steven Bailey Biography and Net Worth



Steven R. Bailey has been Senior Managing Director and Chief Servicing Officer of PennyMac Financial Services, Inc. (NYSE: PFSI) since October 2022. He is responsible for directing the company’s loan servicing operations, including the implementation of the methods and programs directed at improving the value of acquired loans, as well as setting and managing performance goals for all aspects of the servicing and loan administration functions. Additionally, Mr. Bailey provides executive oversight for the application development and portfolio strategy groups. He also serves as Senior Managing Director and Chief Servicing Officer of PennyMac Mortgage Investment Trust (NYSE: PMT). Previously, Mr. Bailey was the company’s Chief Mortgage Operations Officer. He has served on the company’s management team since 2010. Prior to joining the company, Mr. Bailey served in a variety of executive and leadership positions within Countrywide Financial Corporation (and Bank of America Corporation, as its successor) from 1985 until 2010. Mr. Bailey earned his Bachelor of Music from the University of Southern California.

What is Steven Richard Bailey's net worth?

The estimated net worth of Steven Richard Bailey is at least $774,389.00 as of December 8th, 2023. Mr. Bailey owns 8,900 shares of PennyMac Financial Services stock worth more than $774,389 as of April 27th. This net worth estimate does not reflect any other investments that Mr. Bailey may own. Learn More about Steven Richard Bailey's net worth.

How do I contact Steven Richard Bailey?

The corporate mailing address for Mr. Bailey and other PennyMac Financial Services executives is 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA, 91361. PennyMac Financial Services can also be reached via phone at (818) 224-7442 and via email at [email protected]. Learn More on Steven Richard Bailey's contact information.

Has Steven Richard Bailey been buying or selling shares of PennyMac Financial Services?

Steven Richard Bailey has not been actively trading shares of PennyMac Financial Services during the past quarter. Most recently, Steven Richard Bailey sold 23,614 shares of the business's stock in a transaction on Friday, December 8th. The shares were sold at an average price of $80.16, for a transaction totalling $1,892,898.24. Following the completion of the sale, the insider now directly owns 8,900 shares of the company's stock, valued at $713,424. Learn More on Steven Richard Bailey's trading history.

Who are PennyMac Financial Services' active insiders?

PennyMac Financial Services' insider roster includes Steven Bailey (Insider), William Chang (Senior Managing Director and Chief Investment Officer), Vandad Fartaj (CIO), James Follette (SENIOR MANAGING DIRECTOR AND CHIEF MORTGAGE OPERATIONS OFFICER), Gregory Hendry (CAO), James Hunt (Director), Doug Jones (Director), Patrick Kinsella (Director), Joseph Mazzella (Director), Anne Mccallion (Director), Farhad Nanji (Director), Daniel Perotti (CFO), David Spector (CEO), Derek Stark (Insider), and Donald White (Senior Managing Director and Chief Risk Officer). Learn More on PennyMac Financial Services' active insiders.

Are insiders buying or selling shares of PennyMac Financial Services?

In the last year, insiders at the real estate investment trust sold shares 32 times. They sold a total of 511,239 shares worth more than $39,444,463.31. The most recent insider tranaction occured on April, 9th when CEO David Spector sold 10,000 shares worth more than $907,200.00. Insiders at PennyMac Financial Services own 17.4% of the company. Learn More about insider trades at PennyMac Financial Services.

Information on this page was last updated on 4/9/2024.

Steven Richard Bailey Insider Trading History at PennyMac Financial Services

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
12/8/2023Sell23,614$80.16$1,892,898.248,900View SEC Filing Icon  
3/1/2023Sell13,604$60.70$825,762.808,900View SEC Filing Icon  
2/8/2023Sell18,923$66.33$1,255,162.5911,914View SEC Filing Icon  
4/6/2017Sell10,162$16.00$162,592.00View SEC Filing Icon  
See Full Table

Steven Richard Bailey Buying and Selling Activity at PennyMac Financial Services

This chart shows Steven Richard Bailey's buying and selling at PennyMac Financial Services by year and by quarter.

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PennyMac Financial Services Company Overview

PennyMac Financial Services logo
PennyMac Financial Services, Inc., through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans. This segment sources residential conventional and government-insured or guaranteed mortgage loans through correspondent production, consumer direct lending, and broker direct lending. The Servicing segment performs loan servicing for both newly originated loans that are under holding for sale and loans services for others. The segment performs loan administration, collection, and default management activities, including the collection and remittance of loan payments; responds to customer inquiries; provides accounting for principal and interest; holds custodial funds for the payment of property taxes and insurance premiums; counsels delinquent borrowers; and supervising foreclosures and property dispositions, as well as administers loss mitigation activities, such as modification and forbearance programs. The Investment Management segment is involved in sourcing, performing diligence, bidding, and closing investment asset acquisitions; managing correspondent production activities for PennyMac Mortgage Investment Trust; and managing acquired assets. The company was founded in 2008 and is headquartered in Westlake Village, California.
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Today's Range

Now: $87.01
Low: $85.37
High: $87.34

50 Day Range

MA: $87.83
Low: $83.87
High: $92.77

2 Week Range

Now: $87.01
Low: $56.16
High: $94.78

Volume

487,854 shs

Average Volume

239,720 shs

Market Capitalization

$4.39 billion

P/E Ratio

30.21

Dividend Yield

0.93%

Beta

1.67