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 (PMT) provides investors with critical updates through this centralized news resource. Track official announcements and market developments related to PMT's mortgage-backed securities, credit risk transfer strategies, and residential loan investments.
This page for comprehensive coverage of earnings reports, strategic initiatives, and regulatory filings. Access timely updates on PMT's three core segments: credit-sensitive investments, interest rate hedging activities, and correspondent production operations. Investors benefit from consolidated access to dividend declarations, portfolio performance insights, and management commentary.
Key updates include acquisitions, risk management developments, and market position analyses. All content is sourced from verified releases and financial disclosures. Bookmark this page for efficient tracking of PMT's evolving strategies in residential mortgage markets. Return regularly for unfiltered access to the trust's latest operational milestones.
PennyMac Financial Services reported a net income of $135.1 million, or $2.46 per share, for Q3 2022 on revenues of $476.3 million. The book value per share rose to $68.26 from $65.38 in Q2 2022. The company declared a cash dividend of $0.20 per share, payable on November 23, 2022. Although pretax income increased 4% from the prior quarter, it fell 45% year-over-year. The Servicing segment saw income decline, while the Production segment reported increased income but lower overall production volumes. The company remains focused on risk management and efficiency improvements.
PennyMac Mortgage Investment Trust (NYSE: PMT) reported a net income of $1.5 million for Q3 2022, translating to $0.01 per share, on net investment income of $151.1 million. This marks a recovery from a net loss of $81.2 million in the previous quarter. The company declared a cash dividend of $0.47 per share, set to be paid on October 28, 2022. PMT increased its share repurchase authorization to $500 million and noted strong performance from interest rate-sensitive strategies, although market credit spread widening and tax provisions posed challenges.
PennyMac Mortgage Investment Trust (NYSE: PMT) will release its financial results for the quarter ending
PennyMac Mortgage Investment Trust (NYSE: PMT) has declared a cash dividend of $0.47 per common share for Q3 2022. This dividend will be paid on October 28, 2022, to shareholders on record as of October 14, 2022. PMT primarily invests in residential mortgage loans and mortgage-related assets and is externally managed by PennyMac Financial Services (NYSE: PFSI). Investors are advised to consider potential market conditions and risks that may affect future performance.
PennyMac Financial Services (NYSE: PFSI) announced its participation in the 2022 Barclays Global Financial Services Conference, scheduled for September 14, 2022, at 9:00 a.m. Eastern Time. CEO David A. Spector and CFO Daniel S. Perotti will engage in a fireside chat during the event. Investors can access the live audio webcast through the company's Investor Relations website. For the twelve months ending June 30, 2022, PennyMac originated loans totaling $166 billion, ranking as the fourth largest mortgage lender in the U.S., while servicing $527 billion in loans, placing it among the top ten mortgage servicers.
PennyMac Mortgage Investment Trust (NYSE: PMT) will present at the 2022 Barclays Global Financial Services Conference alongside PennyMac Financial Services (NYSE: PFSI). The event features a fireside chat with David A. Spector, Chairman and CEO, and Daniel S. Perotti, CFO on September 14, 2022, at 9:00 a.m. ET. A live audio webcast will be available on the company's Investor Relations website, with a replay archived for a limited time.
PennyMac Mortgage Investment Trust (NYSE: PMT) has declared cash dividends for Q3 2022 on three series of preferred shares. The dividend rates are as follows:
- Series A: 8.125% with a payment of $0.507813, record date on September 1, 2022, payment date September 15, 2022.
- Series B: 8.000% with a payment of $0.500000, record date September 1, 2022, payment date September 15, 2022.
- Series C: 6.750% with a payment of $0.421875, record date September 1, 2022, payment date September 15, 2022.
This reflects the company’s commitment to return value to shareholders.
PennyMac Financial Services (PFSI) reported a net income of $129.2 million ($2.28 per share) for Q2 2022, with revenues of $511.5 million. Book value per share increased to $65.38. Despite a 24% drop in pretax income from the previous quarter, the company announced a cash dividend of $0.20 per share. The servicing portfolio grew to $527.3 billion in UPB, a 2% increase from Q1 2022. However, significant declines in loan production and interest rate lock commitments were noted, reflecting challenges in the origination market.
PennyMac Mortgage Investment Trust (PMT) reported a net loss of $81.2 million for Q2 2022, equating to $(0.88) per share, against a net investment income of $21.5 million. The loss is attributed to fair value decreases in credit-sensitive strategies, alongside a tax provision of $30.9 million. PMT repurchased 1.9 million shares at an average price of $14.72. The book value per share declined from $17.87 to $16.59. Despite losses, management expressed confidence in future investment opportunities due to improved spread conditions.
PennyMac Mortgage Investment Trust (PMT) will announce its financial results for the quarter ended June 30, 2022, after market close on August 2, 2022. The news release will be accessible on www.PennyMac-REIT.com. A recorded presentation reviewing the results will also be available online simultaneously. For those unable to access the website, copies of the slide presentation can be requested through the Investor Relations department at (818) 224-7028.
