WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--
PennyMac Financial Services, Inc. (NYSE: PFSI) announced today that
Theodore W. Tozer, formerly President of the Government National
Mortgage Association (Ginnie Mae), will join its Board of Directors
effective August 1, 2017.
Mr. Tozer served as Ginnie Mae’s President for seven years before
leaving his post earlier this year. As part of the Department of Housing
and Urban Development, Ginnie Mae supports U.S. housing programs by
creating a secondary market to buy and sell residential mortgages. At
Ginnie Mae, Mr. Tozer managed $1.8 trillion in guarantees of
mortgage-backed securities.
“I am thrilled that Ted Tozer has been elected to our Board of
Directors,” said PFSI Executive Chairman Stanford L. Kurland. “Ted is a
veteran of the mortgage banking industry who brings a wealth of
experience and a deep understanding of all aspects of housing finance in
America. On behalf of my fellow directors, I enthusiastically welcome
his arrival.”
Before joining Ginnie Mae, Mr. Tozer spent more than 30 years in the
financial services industry. He served as Senior Vice President of
capital markets at National City Mortgage Company, as a member of the
National Lender Advisory Boards of Fannie Mae and Freddie Mac, and as
Chairman of the Capital Markets Committee of the Mortgage Bankers
Association of America. Mr. Tozer received a B.S. degree in Accounting
and Finance from Indiana University, and is a Certified Public
Accountant and a Certified Management Accountant.
About PennyMac Financial Services, Inc.
PennyMac Financial Services, Inc. is a specialty financial services firm
with a comprehensive mortgage platform and integrated business focused
on the production and servicing of U.S. mortgage loans and the
management of investments related to the U.S. mortgage market. PennyMac
Financial Services, Inc. trades on the New York Stock Exchange under the
symbol “PFSI.” Additional information about PennyMac Financial Services,
Inc. is available at www.ir.pennymacfinancial.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170719006327/en/
PennyMac Financial Services, Inc.
Media
Stephen Hagey
(805)
530-5817
or
Investors
Christopher Oltmann
(818)
264-4907
Source: PennyMac Financial Services, Inc.