---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-282092"
form_type: "8-K"
ticker: "PMT"
cik: "0001464423"
company_name: "PennyMac Mortgage Investment Trust"
filed_at: "2024-12-19T23:59:59+00:00"
generated_at: "2026-05-29T01:23:46.724942+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PMT extends key related-party agreements to Dec 2029; modifies management fees and servicing rates

## Summary
- Management Agreement extended to Dec 31, 2029; base fee tiers: 1.5% on equity up to $2B, 1.375% on $2-5B, 1.25% above $5B.
- Performance incentive fee now payable annually; tiers: 10% on 8-12% ROE, 15% on 12-16%, 20% above 16% ROE adjusted for high watermark.
- Flow Servicing Agreement extended; base servicing fee: $7.50/month fixed-rate, $8.50/month adjustable-rate loans.
- MSR Recapture Agreement extended; recapture fee: 70% of fair market value for first 30% recapture rate, 40% for excess up to 50%.
- MBS Agreement extended; fulfillment fees capped at $585/commitment up to 16,500/quarter, then $355; plus $315/purchased loan up to 16,500, then $195.

## SEC filing metadata
- accession: 0001193125-24-282092
- form_type: 8-K
- ticker: PMT
- cik: 0001464423
- company_name: PennyMac Mortgage Investment Trust
- filed_at: 2024-12-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464423/000119312524282092/0001193125-24-282092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464423/000119312524282092/d916203d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-282092
- JSON: https://secwatch.observer/filing/0001193125-24-282092.json
- Plain text: https://secwatch.observer/filing/0001193125-24-282092.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.