Financial Performance - Net income attributable to common shareholders was $76.6 million, with diluted earnings per common share of $0.78[4] - The company declared a dividend of $0.47 per common share, returning to pre-COVID levels[4] - Book value per common share increased to $20.30 from $19.95 at September 30, 2020[4] Segment Results - Credit Sensitive Strategies segment pretax results were $134.5 million[4] - Interest Rate Sensitive Strategies segment pretax results were $(100.1) million[4] - Correspondent Production segment pretax results were $52.7 million[4] - Corporate segment pretax results were $(13.3) million[4] Investment Activity - Conventional correspondent loan production volumes reached a record $38.0 billion in UPB, up 39% from the prior quarter and 85% from 4Q19[4] - The company added $441 million in new MSRs[4] - PMT settled its sixth CRT transaction with Fannie Mae and placed $500 million of 2-year term-notes[4] - The company repurchased approximately 927,000 common shares at a weighted average price of $16.88, for a total cost of $15.6 million[4] CRT Investments - Approximately $59 billion in UPB of loans underlying PMT's CRT investments as of December 31, 2020[6]

PennyMac Mortgage Investment Trust (NYSE:PMT) Q4 2020 Earnings Conference Call February 4, 2021 5:00 PM ET Company Participants Isaac Garden - VP, IR David Spector - President and CEO Andy Chang - Senior Managing Director and COO Vandy Fartaj - Senior Managing Director and Chief Investment Officer Dan Perotti - Senior Managing Director and CFO Conference Call Participants Isaac Garden Good afternoon, and welcome to the fourth quarter and full-year 2020 earnings discussion for PennyMac Mortgage Investment Tr ...

Financial Data and Key Metrics Changes - For Q2 2020, the company reported net income attributable to common shareholders of $458.4 million, or $4.51 per common share, reflecting record earnings driven by correspondent production segment results and recovery in CRT investments [4][5] - Book value per common share increased to $19.39 at June 30, up from $15.16 at March 31, 2020 [5] Business Line Data and Key Metrics Changes - Credit-sensitive strategies contributed $458.8 million in pre-tax income, while interest rate-sensitive strategies recorded a pre-tax loss of $117.5 million [5][36] - Correspondent production segment achieved a record pre-tax income of $139.6 million, driven by high margins and strong production volumes [36] - Conventional loan production volumes totaled $18.9 billion in unpaid principal balance, up 17% from the prior quarter and up 76% year-over-year [6][20] Market Data and Key Metrics Changes - The unemployment rate peaked at 14.7% in April, with a forecasted gradual recovery to 6.9% by the end of 2021 [7] - New mortgage forbearance requests have decreased significantly since March and April, with borrowers beginning to exit forbearance plans [8][10] - Economic forecasts for total mortgage originations in 2020 have increased to nearly $3 trillion, the highest level since 2003 [11] Company Strategy and Development Direction - The company aims to capitalize on the mortgage origination market, supported by low mortgage rates driving refinance and purchase demand [11][12] - PMT's investment strategies are expected to yield an average diluted EPS per quarter of $0.65, resulting in an annualized return on common equity of approximately 13% [16] Management's Comments on Operating Environment and Future Outlook - Management noted that the economic recovery is expected to be gradual due to the resurgence of COVID-19 and its impact on reopening plans [7][10] - The company anticipates book value growth as earnings potential is expected to exceed current dividend levels [51] Other Important Information - PMT's capital deployment was driven by conventional loan production, with new MSR investments totaling $203 million [6][29] - The company repurchased approximately 566,000 shares at a weighted average price of $13.36, costing $7.6 million [6] Q&A Session Summary Question: What are the trends in PMT's MSR portfolio? - The percentage of loans in PMT's MSR portfolio that were 30 days or more delinquent was 5.3% at July 31, down from 6.3% at June 30 [41] Question: How has the company managed forbearance plans? - 59% of forbearance plans in PMT's servicing portfolio as of April 30 have been extended, with a decrease in loans in forbearance to 5.2% at July 31 [44]

PennyMac Mortgage Investment Trust Second Quarter 2020 Earnings Report August 6, 2020 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding management's beliefs, estimates, projections and assumptions with respect to, among other things, the Company's financial results, future operations, business plans and investment strategies, as well as industry and market conditions, all of which a ...

PennyMac Mortgage Investment Trust May 2020 Investor Presentation Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding management's beliefs, estimates, projections and assumptions with respect to, among other things, the Company's financial results, future operations, business plans and investment strategies, as well as industry and market conditions, all of which are subject to change ...

PennyMac Mortgage Investment Trust (NYSE:PMT) Q1 2020 Earnings Conference Call May 7, 2020 4:30 PM ET Company Participants David Spector - President and Chief Executive Officer Vandy Fartaj - Chief Investment Officer Andy Chang - Chief Financial Officer Operator Good afternoon, and welcome to the First Quarter Earnings Discussion for PennyMac Mortgage Investment Trust. The slides that accompany this discussion are available from PennyMac Mortgage Investment TrustÂ's website at www.PennyMac-REIT.com. Before ...