secwatch.observer — SEC 8-K summary
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Issuer:     PennyMac Mortgage Investment Trust (PMT)
CIK:        0001464423
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001564590-21-054577
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PMT reports Q3 net loss of $43.9M; book value down to $19.79
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- Net loss attributable to common shareholders of $43.9M ($0.45 diluted loss), vs net income of $31.9M in Q2.
- Book value per common share fell to $19.79 from $20.77 at June 30, 2021.
- Interest Rate Sensitive Strategies segment pretax loss of $116.8M, driven by $62.8M MSR fair value decline and hedging losses.
- Credit Sensitive Strategies pretax income of $60.7M, led by $73.9M net gain on CRT investments.
- Conventional correspondent production $28.6B UPB, down 6% QoQ; raised $250M from preferred share offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464423/000156459021054577/0001564590-21-054577-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464423/000156459021054577/pmt-8k_20211104.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-054577

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