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Vandad Fartaj Biography and Net Worth

CIO of PennyMac Financial Services

Vandad Fartaj serves as Chief Investment Officer, Senior Managing Director of the Company. Mr. Fartaj has been our Senior Managing Director and Chief Investment Officer since February 2016. Prior thereto, he served as our chief investment officer from March 2010 to February 2016. Mr. Fartaj also has served in a variety of similar executive positions at PNMAC since April 2008. Mr. Fartaj is responsible for all capital markets and investment-related activities, including the development and execution of investment strategies, secondary marketing, hedging activities and capital markets strategies with government-sponsored enterprises. In addition, Mr. Fartaj is responsible for developing and managing relationships with Wall Street broker-dealers and fixed income investors. Prior to joining PNMAC, from November 1999 to April 2008, Mr. Fartaj was employed in a variety of positions at Countrywide Securities Corporation, including managing the strategy and execution of the whole loan conduit. Mr. Fartaj is an experienced mortgage banking executive with substantial experience in capital markets, mortgage-related investments, and interest rate and credit risk management.

What is Vandad Fartaj's net worth?: The estimated net worth of Vandad Fartaj is at least $9.45 million as of May 11th, 2022. Mr. Fartaj owns 108,634 shares of PennyMac Financial Services stock worth more than $9,452,244 as of April 27th. This net worth approximation does not reflect any other investments that Mr. Fartaj may own. Learn More about Vandad Fartaj's net worth.
How do I contact Vandad Fartaj?: The corporate mailing address for Mr. Fartaj 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 Vandad Fartaj's contact information.
Has Vandad Fartaj been buying or selling shares of PennyMac Financial Services?: Vandad Fartaj has not been actively trading shares of PennyMac Financial Services within the last three months. Most recently, Vandad Fartaj sold 2,500 shares of the business's stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $45.16, for a transaction totalling $112,900.00. Following the completion of the sale, the executive now directly owns 108,634 shares of the company's stock, valued at $4,905,911.44. Learn More on Vandad Fartaj'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.

Vandad Fartaj Insider Trading History at PennyMac Financial Services

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
5/11/2022	Sell	2,500	$45.16	$112,900.00	108,634
4/24/2018	Sell	7,593	$20.63	$156,643.59
3/27/2018	Sell	615	$22.90	$14,083.50
3/20/2018	Sell	616	$24.00	$14,784.00
4/10/2017	Sell	5,081	$16.00	$81,296.00

Vandad Fartaj Buying and Selling Activity at PennyMac Financial Services

PennyMac Financial Services Company Overview

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.

Today's Range

Now: $87.01

$85.37

$87.34

50 Day Range

MA: $87.83

$83.87

$92.77

2 Week Range

Now: $87.01

$56.16

$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

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