Welcome to our dedicated page for Pennymac Mortg news (Ticker: PMT), a resource for investors and traders seeking the latest updates and insights on Pennymac Mortg stock.
PennyMac Mortgage Investment Trust (NYSE: PMT) is a mortgage REIT that invests primarily in residential mortgage loans and mortgage-related assets. The PMT news feed on Stock Titan aggregates company announcements, earnings releases, capital markets activity and other disclosures that the trust makes through press releases and SEC filings.
Recent news highlights include quarterly earnings results with details on net income attributable to common shareholders, book value per common share and segment pretax income across credit sensitive strategies, interest rate sensitive strategies and correspondent production. PMT also reports on loan acquisition volumes, private-label securitizations of conventional conforming, jumbo and investor loans, and the creation of new mortgage servicing rights and retained securities.
Investors following PMT news will see updates on dividend declarations for its common shares of beneficial interest, as well as information on preferred shares and debt capital management. The trust has announced redemptions of term notes and the issuance and reopening of 8.500% Exchangeable Senior Notes due 2029 through its indirect subsidiary, PennyMac Corp., which are fully and unconditionally guaranteed by PMT. These items provide insight into how the company manages its funding, leverage and capital structure.
Other regular news items include notices of upcoming earnings release dates, conference call webcasts, and joint presentations with PennyMac Financial Services, Inc. at industry conferences. Organizational updates at the broader Pennymac platform, such as leadership appointments in investment and risk roles, may also be relevant for understanding the management team that supports PMT’s investment activities. For investors and analysts, revisiting this page helps track how PMT’s mortgage investment strategy, securitization activity and capital decisions evolve over time.
PennyMac Financial Services (NYSE: PFSI) has announced the pricing of its upsized $850 million senior notes offering, increased from the previously announced $650 million. The notes, due 2032, will carry a 6.875% interest rate with semi-annual payments starting November 15, 2025. The offering, expected to close on May 8, 2025, will be guaranteed by PFSI's existing and future wholly owned domestic subsidiaries. Proceeds will be used to redeem the company's 5.375% senior notes due October 2025, repay borrowings under secured MSR facilities, and for general corporate purposes.
PennyMac Financial Services (NYSE: PFSI) has announced plans to offer $650 million in Senior Notes due 2032. The notes will be guaranteed on an unsecured senior basis by the company's existing and future wholly owned domestic subsidiaries, with certain exclusions. The proceeds from this offering, combined with cash on hand, will be primarily used to redeem the company's 5.375% senior notes due October 2025, with remaining funds allocated for general corporate purposes.
The offering will be conducted through private placement to qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S of the Securities Act. The Notes will not be registered under the Securities Act or state securities laws.
PennyMac Mortgage Investment Trust (PMT) reported a net loss of $0.8 million, or $(0.01) per share in Q1 2025, with net investment income of $44.5 million. The company declared a quarterly dividend of $0.40 per share.
Key highlights include:
- Book value per share decreased to $15.43 from $15.87
- Correspondent loan production totaled $2.8 billion UPB, down 20% from previous quarter
- Created $47 million in new mortgage servicing rights
- Completed three Agency-eligible loan securitizations totaling $1.0 billion UPB
- Issued $173 million of senior unsecured notes due 2030
- Generated $66 million in non-Agency subordinate bonds and $29 million in senior bonds investments
The company's performance was impacted by interest rate volatility and credit spread widening, though it maintained strong core income levels excluding market-driven value changes.
PennyMac Financial Services (PFSI) reported Q1 2025 net income of $76.3 million, or $1.42 per share, on revenue of $430.9 million. Book value per share increased to $75.57 from $74.54 in December 2024.
Key highlights include:
- Pretax income of $104.2 million
- Production segment pretax income of $61.9 million
- Total loan acquisitions and originations of $28.9 billion UPB
- Servicing segment pretax income of $76.0 million
- Servicing portfolio grew to $680.2 billion UPB, up 2% from Q4 2024
The company declared a Q1 cash dividend of $0.30 per share, payable May 23, 2025. PFSI issued $850 million of 8-year unsecured senior notes due February 2033.
PennyMac Mortgage Investment Trust (NYSE: PMT) has scheduled its first quarter 2025 earnings release for Tuesday, April 22, 2025, after market close. The company will hold a conference call and live audio webcast at 6:00 p.m. Eastern Time to discuss the quarterly results. Investors can access the webcast and accompanying materials through pmt.pennymac.com, with a replay available afterward. Those unable to access the website can contact Investor Relations at 818.224.7028 for materials.
PennyMac Mortgage Investment Trust (NYSE: PMT) has announced its quarterly dividend declaration for Q1 2025. The company's Board of Trustees has approved a cash dividend of $0.40 per common share. The dividend will be distributed on April 25, 2025, to shareholders who are on record as of April 11, 2025.
PennyMac Mortgage Investment Trust (NYSE: PMT) has announced the pricing of a $150 million public offering of 9.00% Senior Notes due 2030. The notes will be guaranteed by PennyMac Corp. (PMC) and issued in denominations of $25.00. The company has granted underwriters a 30-day over-allotment option for an additional $22.5 million.
The proceeds will fund various business activities, including investments in subordinated bonds from private-label securitization, mortgage-related securities, mortgage servicing rights acquisition, correspondent lending business, and potential repayment of PMC's 5.50% exchangeable senior notes due 2026.
The offering is expected to close on February 11, 2025. PMT plans to list the Notes on the NYSE under the symbol 'PMTV', with trading expected to commence within 30 days of closing.
PennyMac Financial Services (NYSE: PFSI) has announced the pricing of its upsized private offering of $850 million Senior Notes due 2033, increased from the previously announced $650 million. The Notes will carry a 6.875% interest rate, payable semi-annually starting August 15, 2025, and will mature on February 15, 2033.
The Notes will be guaranteed by PFSI's existing and future wholly owned domestic subsidiaries. The proceeds will be used to repay certain indebtedness, including secured MSR facilities and potential repurchase of 5.375% senior notes due October 2025. The offering, expected to close on February 6, 2025, is exclusively available to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S of the Securities Act.
PennyMac Mortgage Investment Trust (NYSE: PMT) has announced an underwritten public offering of senior notes due 2030. The notes will be guaranteed by PennyMac Corp. (PMC), the company's indirect wholly-owned subsidiary. The net proceeds will fund various business activities, including:
- Investment in subordinated bonds from private-label securitization activities
- Acquisition of mortgage servicing rights
- Funding correspondent lending business
- Repayment of other indebtedness
- General business purposes
The company plans to list the Notes on the NYSE under the symbol 'PMTV'. Multiple financial institutions, including Morgan Stanley, Goldman Sachs, RBC Capital Markets, and others, are serving as joint book-running managers for the offering.
PennyMac Financial Services (NYSE: PFSI) has announced plans to offer $650 million in Senior Notes due 2033. The Notes will be guaranteed on an unsecured senior basis by the company's existing and future wholly owned domestic subsidiaries, with certain exclusions.
The proceeds will be allocated to repay various forms of debt, including borrowings under secured MSR facilities and other secured indebtedness, as well as potentially repaying a portion of the company's 5.375% senior notes due October 2025. Additional funds will be used for general corporate purposes.
The offering will be conducted through private placement to qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S of the Securities Act. The Notes will not be registered under the Securities Act or state securities laws.
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