PennyMac: Your Login, Payments, and the Customer Service Number You Actually Need

So, PennyMac just dropped its latest lobbying filing. Forty grand. That’s it. $40,000 spent in a whole quarter to whisper sweet nothings in Washington’s ear about veteran home loans. I’ve seen people spend more on a used Honda Civic.

They want you to see that filing and think, "Ah, PennyMac. Looking out for our veterans." They’re lobbying for things like the VA Home Loan Program Reform Act and the Veterans Housing Stability Act. Sounds noble, right? It's the kind of PR gold you can’t buy. Except they literally did buy it. For forty grand.

And Wall Street is eating it up with a spoon. It’s actually incredible to watch. In the last few months, you’ve got a chorus of suits all singing the same tune. Keefe, Bruyette & Woods slaps an "Outperform" rating on the stock. Piper Sandler and Wells Fargo both call it "Overweight." That’s three-for-three, with zero firms telling you to sell.

The price targets are even better. George Bose at KBW and Crispin Love at Piper Sandler are both looking at $121 a share. Terry Ma at Barclays is at $119. Even the low-ballers are well over a hundred bucks. The median target is $119. The message is clear, blasted from the rooftops of Lower Manhattan: Buy. This. Stock.

Big money is listening. Sort of. Citadel Advisors just scooped up another 355,000 shares. GoldenTree Asset Management grabbed almost 300,000. It seems like the smart money is piling in, ready for the ride up to that magical $121 mark.

It’s a perfect story. A company doing good for vets, loved by Wall Street, with big institutional backing. You’d have to be a fool not to get in on this, right?

They Scream "Buy" While Quietly Hitting "Sell"

But then you look at who’s selling.

And that’s where the record scratches. That’s where the whole pretty picture starts to look like one of those AI-generated images where everyone has seven fingers.

Over the last six months, the people who actually run PennyMac—the insiders, the C-suite execs with the keycards to the top floor—have made 23 trades on the open market. Every single one of them was a sale.

Not a mix. Not a few buys and a few sells. Twenty-three sales. Zero buys.

Let that sink in.

This isn't a bad thing. No, "bad" doesn't cover it—this is a five-alarm fire alarm being politely silenced by a PR team. While analysts are screaming on TV about a 30% upside, the Chairman and CEO, David Spector, was quietly offloading 30,000 shares. He pocketed a cool $3.1 million.

The Chief Financial Officer, Daniel Stanley Perotti? He sold 19,275 shares for about $2 million. The Chief Legal Officer, Derek Stark, sold off half a million dollars worth. Even the Chief Capital Markets Officer, Mark Elbaum, sold a few hundred shares. Maybe he needed lunch money.

So, let me get this straight. The experts, the guys with the fancy charts and algorithms, are telling you and me and every 401(k) manager to buy, buy, buy. But the guys who run the daily meetings, who know exactly what the `pennymac mortgage rates` are going to do next, who see the real numbers before they’re sanitized for a quarterly report… they’re all running for the exit.

It reminds me of the last time I had to call `pennymac customer service`. You get put into this automated phone tree from hell, pressing "1" for English, "4" for something about your `pennymac loan`, and you know, deep in your soul, that no matter what you press, you ain't talking to a human for at least 20 minutes. It's a system designed to present a facade of helpfulness while actively keeping you away from the truth. This whole stock situation feels exactly like that. A seperate, polished reality for the public, and a much different one for the insiders.

A Great Time to Buy, Say the Guys Cashing Out

The Two-Faced Market

So what are we supposed to believe? Are we supposed to trust Crispin Love at Piper Sandler, who probably has a dozen other mortgage companies to cover? Or are we supposed to trust the CEO of the company, who is literally taking his own money off the table?

This is the game. They create a narrative. "We're helping veterans!" (for the low price of $40k). "Our stock is a bargain!" (according to people who don't work here). "Institutional investors are piling in!" (while ignoring the massive sell-offs from Orbis Allan Gray and Millennium Management, who dumped a combined 1.5 million shares).

They want you to focus on the `pennymac login mortgage` portal and your monthly `pennymac payment`, to see them as a stable, reliable part of your life. They don't want you to see the executives hauling bags of cash out the back door.

Maybe I'm just a cynical bastard. Maybe David Spector just really, really needed a new boat and the CFO had a tuition bill to pay. Maybe it’s all a big coincidence. And maybe `pennymac refinance rates` are about to drop to zero tomorrow.

But when I see a company’s leadership selling off millions in stock while their PR machine and its Wall Street cheerleaders are telling me to buy, I don't see a buying opportunity. I see a performance. It's a carefully staged play, and the people on stage are trying very hard not to look at the fire exit they're all inching towards.

They expect us to believe that the guys with the most information are making the dumbest decision, and we, the public, are the smart ones for betting against them. And honestly...

Follow the Money Out the Door

Analysts will write what they're paid to write. PR firms will spin whatever story you want for a fee. But when the guys with the corner offices start selling their own company's stock by the millions, that’s not a "data point." It’s the only headline that matters. Don't listen to what they say. Watch what they do.

Reference article source：

• Lobbying Update: $40,000 of PENNYMAC FINANCIAL SERVICES lobbying was just disclosed - Quiver Quantitative