As Andy described earlier, all of this record production feeds our servicing portfolio, which at December 31, 2020 totaled $426.8 billion in UPB, up 6% from the end of the third quarter and up 16% over the end of 2019. The prepayment speeds of PennyMac Financials subserviced portfolio which includes mostly Fannie Mae and Freddie Mac mortgage servicing rights owned by PMT decreased slightly to 38.9% from 39.2%. I will cover each segment's results and then briefly review our forbearance and servicing advance trends. PennyMac Financial Services Inc has a market cap of $4.16 billion; its shares were traded at around $57.450000 with a P/E ratio of 3.36 and P/S ratio of 1.35. We encourage investors with any questions to reach out to our Investor Relations team by e-mail or phone. We saw significant market share growth in the conventional correspondent market this quarter and our leadership position in government loans remains as a result of our consistency, low costs and operational excellence we continue to provide to our correspondents. The fair value of our MSR decreased modestly in the fourth quarter, driven by higher-than-expected prepayments, increased projections for short-term prepayments and elevated levels of early buyout activity. Roles that David Spector holds in companies, The most profitable trade made by David Spector, List of latest transactions for each holding click on a transaction to see David Spector's performance on stock. PennyMac Founder Stanford Kurland Passes Away - MBA Newslink David Spector's most profitable transaction was an Informative Sell of PMT stock on March 22, 2019. 10 Ratings. Good morning and thank you for joining us. Trade/service marks are the property of PennyMac Loan Services, LLC and/or its subsidiaries or affiliates. 47.206 (3) & (4). Meet our Smart Portfolio. And with that, I would like to turn it back to David for some closing remarks. Conventional correspondent acquisitions, for which PFSI earns a fulfillment fee from PMT, totaled $30.5 billion, down 10% from the prior quarter and up 61% from the second quarter of 2020. Stanford Kurland, who founded and served as Chairman of PennyMac Financial Services Inc., Westlake Village, Calif., following a multi-decade career at Countrywide Financial Corp., passed away on Jan. 25. While many of these employees aided in our record production growth and increased servicing activities due to COVID, these hires were consistent with PFSIs long-term strategy. Hedge funds and other institutional investors have recently modified their holdings of the stock. Stockholders of record on Tuesday, February 14th were given a dividend of $0.20 per share. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.46. This brings the total repurchases year-to-date to approximately $600 million. The stock was sold at an average price of $60.80, for a total value of $912,000.00. The percentage of profitable transactions made by David Spector is 44%. Similarly, new customer acquisition or non-portfolio interest rate lock commitments were $1.5 billion, essentially unchanged from the prior quarter and up from $274 million in the second quarter of 2020. The history of PennyMac Financial was borne out of the Great Financial Crisis, with a desire to help distressed borrowers.
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