Quarterly and annual home-lending volume at PennyMac Financial Services Inc. climbed to the highest level ever achieved.

In its fourth-quarter 2016 earnings report, the Westlake Village, California-based firm disclosed pre-tax income of $129 million.

Earnings retreated from the prior three-month period, when the total was $139 million, but were up from $79 million a year prior.

Source: Mortgage Daily