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projections of our revenues, income, earnings per share, capital structure or other financial items; |
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descriptions of our plans or objectives for future operations, products or services; |
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forecasts of our future economic performance, interest rates, profit margins and our share of future markets; and |
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descriptions of assumptions underlying or relating to any of the foregoing expectations regarding the timing of generating any revenues. |
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the continually changing federal, state and local laws and regulations applicable to the highly regulated industry in which we operate; |
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our ability to manage third-party service providers and vendors and their compliance with laws, regulations and investor requirements; |
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lawsuits or governmental actions if we do not comply with the laws and regulations applicable to our businesses; |
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the mortgage lending and servicing-related regulations promulgated by the Consumer Financial Protection Bureau (“CFPB”) and its enforcement of these regulations; |
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our dependence on U.S. government‑sponsored entities and changes in their current roles or their guarantees or guidelines; |
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changes to government mortgage modification programs; |
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certain banking regulations that may limit our business activities; |
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foreclosure delays and changes in foreclosure practices; |
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the licensing and operational requirements of states and other jurisdictions applicable to our businesses, to which our bank competitors are not subject; |
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changes in macroeconomic and U.S. real estate market conditions; |
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difficulties inherent in growing loan production volume; |
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difficulties inherent in adjusting the size of our operations to reflect changes in business levels; |
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any required additional capital and liquidity to support business growth that may not be available on acceptable terms, if at all; |
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changes in prevailing interest rates; |
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increases in loan delinquencies and defaults; |
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our reliance on PennyMac Mortgage Investment Trust (“PMT”) as a significant source of financing for, and revenue related to, our mortgage banking business; |
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our obligation to indemnify third‑party purchasers or repurchase loans if loans that we originate, acquire, service or assist in the fulfillment of, fail to meet certain criteria or characteristics or under other circumstances; |
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our exposure to counterparties that are unwilling or unable to honor contractual obligations, including their obligation to indemnify us or repurchase defective mortgage loans; |
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our ability to realize the anticipated benefit of potential future acquisitions of mortgage servicing rights (“MSRs”); |
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our obligation to indemnify PMT if our services fail to meet certain criteria or characteristics or under other circumstances; |
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decreases in the returns on the assets that we select and manage for our clients, and our resulting management and incentive fees; |
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the extensive amount of regulation applicable to our investment management segment; |
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conflicts of interest in allocating our services and investment opportunities among ourselves and our Advised Entities; |
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the effect of public opinion on our reputation; |
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our recent growth; |
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our ability to effectively identify, manage, monitor and mitigate financial risks; |
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our initiation of new business activities or expansion of existing business activities; |
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our ability to detect misconduct and fraud; |
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our ability to mitigate cybersecurity risks and cyber incidents; |
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our ability to effectively deploy new information technology applications and infrastructure; |
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our exposure to risks of loss resulting from adverse weather conditions and man-made or natural disasters; and |