PennyMac Financial Services, Inc. Announces Ted Tozer Is Joining Its Board of Directors
20 July 2017 - 6:45AM
Business Wire
PennyMac Financial Services, Inc. (NYSE: PFSI) announced today
that Theodore W. Tozer, formerly President of the Government
National Mortgage Association (Ginnie Mae), will join its Board of
Directors effective August 1, 2017.
Mr. Tozer served as Ginnie Mae’s President for seven years
before leaving his post earlier this year. As part of the
Department of Housing and Urban Development, Ginnie Mae supports
U.S. housing programs by creating a secondary market to buy and
sell residential mortgages. At Ginnie Mae, Mr. Tozer managed $1.8
trillion in guarantees of mortgage-backed securities.
“I am thrilled that Ted Tozer has been elected to our Board of
Directors,” said PFSI Executive Chairman Stanford L. Kurland. “Ted
is a veteran of the mortgage banking industry who brings a wealth
of experience and a deep understanding of all aspects of housing
finance in America. On behalf of my fellow directors, I
enthusiastically welcome his arrival.”
Before joining Ginnie Mae, Mr. Tozer spent more than 30 years in
the financial services industry. He served as Senior Vice President
of capital markets at National City Mortgage Company, as a member
of the National Lender Advisory Boards of Fannie Mae and Freddie
Mac, and as Chairman of the Capital Markets Committee of the
Mortgage Bankers Association of America. Mr. Tozer received a B.S.
degree in Accounting and Finance from Indiana University, and is a
Certified Public Accountant and a Certified Management
Accountant.
About PennyMac Financial Services, Inc.
PennyMac Financial Services, Inc. is a specialty financial
services firm with a comprehensive mortgage platform and integrated
business focused on the production and servicing of U.S. mortgage
loans and the management of investments related to the U.S.
mortgage market. PennyMac Financial Services, Inc. trades on the
New York Stock Exchange under the symbol “PFSI.” Additional
information about PennyMac Financial Services, Inc. is available at
www.ir.pennymacfinancial.com.
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PennyMac Financial Services, Inc.MediaStephen Hagey(805)
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