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PennyMac Financial CEO named president, CEO of subsidiary

PennyMac Financial Services President and CEO David Spector was named to those titles at the company's subsidiary Private National Mortgage Acceptance Co. LLC.

Spector took over the CEO role at PennyMac Financial and PennyMac Mortgage Investment Trust, effective Jan. 1.

PennyMac Mortgage is externally managed by PNMAC Capital Management LLC, an indirect subsidiary of PennyMac Financial.