PennyMac Falls After Surprise Loss on Slow Deployment of Assets

"PennyMac posted a net loss of $730,000, or 4 cents a share, for its initial two months of business ended Sept. 30, the Calabasas, California-based company said yesterday in a statement after the close of regular trading. Credit Suisse Group analyst Douglas Harter had forecast profit of 10 cents a share, according to a research note today."