PennyMac announces key executive leadership appointments

WESTLAKE VILLAGE, Calif. - PennyMac Financial Services, Inc. (NYSE:PFSI) and PennyMac Mortgage Investment Trust (NYSE:PMT) announced three executive leadership appointments on Monday, according to a company press release. Both companies are covered in-depth by InvestingPro’s comprehensive research reports, which provide detailed analysis and key metrics for informed investment decisions.

Kevin Ryan will join the company on October 13 as Senior Managing Director, Chief Strategy Officer. Ryan previously served as Chief Financial Officer at Better (NASDAQ:BETR), where he managed finance, accounting, and risk functions, and led the company through its public listing process in August 2023. Under his financial leadership, Better achieved remarkable revenue growth of 69.42% in the last twelve months, though the company currently shows an InvestingPro Financial Health score of "FAIR" with a market capitalization of $878 million. Before Better, Ryan spent over two decades at Morgan Stanley as a Managing Director of Investment Banking.

Marshall Sebring has been promoted to Senior Managing Director, Chief Investment Officer for both PFSI and PMT. Sebring, who joined PennyMac in 2024 to lead Portfolio Risk Management, will be responsible for enterprise investment strategy and market and interest-rate risk management. His previous experience includes roles as Managing Director at JPMorgan Chase & Co. and fixed-income portfolio manager at BlackRock, Inc.

Additionally, Shiva Iyer has been promoted to Senior Managing Director, Chief Enterprise Risk Officer. Iyer has been with PennyMac since December 2016, most recently serving as Chief Audit Executive.

"These appointments are a vital step in aligning our organization with future growth opportunities and the continued evolution of our business," said David Spector, Chairman and CEO of PennyMac, in the press release.

PennyMac Financial Services is a specialty financial services firm focused on the production and servicing of U.S. mortgage loans. For the twelve months ended June 30, 2025, the company’s production of newly originated loans totaled $134 billion in unpaid principal balance.

In other recent news, Better Home & Finance Holding Company reported a notable rise in revenue for the second quarter of 2025, fueled by a 25% year-over-year increase in funded loan volume. Despite this growth, the company recorded an adjusted EBITDA loss of approximately $27 million. Additionally, Better Home & Finance launched a $75 million at-the-market equity offering program, partnering with Cantor Fitzgerald & Co. and BTIG, LLC to facilitate the sale of its Class A common stock. The company clarified that it is not obligated to sell any shares, and agents are not required to buy or sell shares, with a 2% commission on gross sales for each agent.

In leadership news, Chief Financial Officer Kevin Ryan announced his retirement, prompting the company to begin searching for his successor. Ryan will assist in the transition to ensure continuity of leadership. These developments reflect recent strategic and operational adjustments within Better Home & Finance.

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