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    Sienna Chu

    Research Analyst at Barclays

    Sienna Chu is an analyst at Barclays, focusing on financial services coverage with recent research activity centered on PennyMac Financial Services Inc. She has participated in at least one earnings call for this company, with her performance metrics, such as rankings or returns generated, not publicly disclosed at this time. Chu’s earlier career history and prior employers are not documented in available sources, and details regarding her start date at Barclays are also unspecified. Information on her professional credentials, including securities licenses or FINRA registrations, along with notable achievements or recognitions, are likewise not currently available.

    Sienna Chu's questions to PennyMac Financial Services (PFSI) leadership

    Sienna Chu's questions to PennyMac Financial Services (PFSI) leadership • Q3 2024

    Question

    Sienna Chu asked about the drivers of the sequential increase in FHA and USDA delinquencies and the company's confidence in future credit performance. She also inquired about the strategy for refinancing the 5 3/8% bond due in October 2025.

    Answer

    David Spector (executive) attributed the delinquency rise to normal monthly variations and stated that overall rates remain very low, expressing confidence due to the strong economy and available forbearance programs. Regarding the bond, he said the company will look for refinancing opportunities but is not in a rush due to the attractive coupon and its ample liquidity of $3.8 billion, which could be used to retire the debt if needed.

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