secwatch.observer — SEC 8-K summary
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Issuer:     PennyMac Mortgage Investment Trust (PMT)
CIK:        0001464423
Form:       8-K
Filed at:   2022-02-03T23:59:59+00:00
Accession:  0001564590-22-003831
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PMT Q4 net loss $27.3M (-$0.28/sh); book value falls to $19.05
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- Q4 net loss attributable to common shareholders $27.3M, or -$0.28 diluted EPS; prior quarter net loss was $43.9M.
- Book value per common share dropped to $19.05 at Dec 31 from $19.79 at Sep 30; pro forma $18.60 after accounting change.
- Conventional correspondent loan production fell 40% QoQ to $17.2B UPB due to GSE and other competition.
- Interest Rate Sensitive Strategies segment recorded a $43.2M pretax loss, driven by $84.0M MSR fair value decline.
- Chairman expects near-term headwinds but sees opportunities in CRT and private-label securitization as rates rise.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464423/000156459022003831/0001564590-22-003831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464423/000156459022003831/pmt-8k_20220203.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-003831

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