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Summary of PennyMac Mortgage Investment Trust (PMT) 2025 Conference Call Company Overview - **Company**: PennyMac Mortgage Investment Trust (PMT) - **Date**: June 03, 2025 - **Key Partner**: PennyMac Financial Services, Inc. (PFSI) Core Strategies 1. **Credit Sensitive Strategies** - Focus on mortgage investments primarily exposed to credit risk, particularly subordinate pieces of securitizations [2][3] - Current focus on generating new securitizations of high credit quality loans, comprising about 15% of PMT's total equity [3][4] 2. **Interest Rate Sensitive Strategies** - Investments sensitive to interest rate changes, with a sophisticated hedge program to mitigate risks [4][5] - Mortgage servicing rights (MSRs) make up approximately 45% of PMT's total equity, benefiting from lower prepayment sensitivity due to their origination in 2020-2021 [20][21] 3. **Correspondent Aggregation** - Aggregation of loans from smaller originators, with a focus on both agency-eligible and non-agency loans [6][8] - PMT collaborates with PFSI to adjust correspondent activity based on capital availability and objectives [7] Financial Metrics - **Total Equity**: Approximately $1.9 billion, with $1.3 billion in common equity [9] - **Total Assets**: About $15 billion, with $3 billion in non-recourse debt [10] - **Monthly Securitization Size**: Ranges from $300 million to $400 million, retaining $25 million to $30 million of first loss pieces [12][13] Market Position and Competitive Landscape - PMT is capturing significant market share in the investor and second home collateral space, with one main competitor in non-agency deals [18] - The prime jumbo space is more competitive, with higher origination activity and more players involved [19] Risk Management - PMT employs a dual-pronged risk management strategy focusing on interest rate hedging and stable funding sources [25][28] - The company maintains a mid-single-digit leverage ratio and utilizes non-mark-to-market debt to avoid forced asset sales during market downturns [29][30] Dividend Policy - PMT has maintained a stable dividend of $0.40 per share, reflecting confidence in future earnings potential from both interest rate sensitive and credit sensitive strategies [31] Additional Insights - The company is not currently focused on significantly growing its MSR portfolio, preferring stability and predictability in cash flows [22] - The overall return expectations for interest rate sensitive strategies are currently lower due to an inverted yield curve, but there is potential for improvement if the curve steepens [23][24]

Albert Anthony is a Croatian-American media personality and Analyst for financial media platforms Investing.com and Seeking Alpha, where he has grown over +1K followers since 2023. Writing general markets commentary and opinion as The Analyst, he has covered over +200 companies in multiple sectors, with a focus on dividend stocks. The author grew up in the NYC area and has also called home Austin Texas and his parents' native Croatia, where he took part in many business/innovation conferences as a business ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34416 PennyMac Mortgage Investment Trust (Exact name of registrant as specified in its charter) Maryland 27-0186273 (State or oth ...

PennyMac Mortgage Investment Trust (PMT) Q1 2025 Earnings Call April 22, 2025 06:00 PM ET Company Participants David Spector - CEO & ChairmanDaniel Perotti - Senior MD & CFOBose George - Managing DirectorJason Weaver - Managing Director - Equity ResearchTrevor Cranston - Managing DirectorEric Hagen - Managing Director Conference Call Participants Doug Harter - Equity Research Analyst Operator Good afternoon, and welcome to PennyMac Mortgage Investment Trust First Quarter twenty twenty five Earnings Call. Ad ...

PennyMac Mortgage Investment Trust (NYSE:PMT) Q1 2025 Earnings Conference Call April 22, 2025 6:00 PM ET Company Participants David Spector - Chairman & Chief Executive Officer Dan Perotti - Chief Financial Officer Conference Call Participants Bose George - KBW Jason Weaver - Jones Trading Doug Harter - UBS Trevor Cranston - Citizens JMP Eric Hagen - BTIG Operator Good afternoon, and welcome to PennyMac Mortgage Investment Trust First Quarter 2025 Earnings Call. Additional earnings materials, including the ...

Exhibit 99.1 PennyMac Mortgage Investment Trust Reports First Quarter 2025 Results First Quarter 2025 Highlights Financial results: Other investment highlights: 1 • Net loss attributable to common shareholders of $0.8 million; annualized return on average common equity of 0%1 • Strong levels of income excluding market driven value changes offset by fair value declines • Book value per common share decreased to $15.43 at March 31, 2025, from $15.87 at December 31, 2024 • Investment activity driven by corresp ...

PennyMac Mortgage (PMT) shares soared 5.7% in the last trading session to close at $13.41. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 11.5% loss over the past four weeks.PennyMac Mortgage’s surge in its stock price follows the broader market rally driven by the optimism surrounding Trump’s announcement on April 9, 2025, of a 90-day pause on reciprocal tariffs for most trading partners, excluding China. The tariff pause reduc ...

PennyMac Mortgage (PMT) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, PMT crossed above the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.Lik ...

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