Highest-materiality recent filing
PMT Q2 net income $20M ($0.23/diluted); shifts from MSRs to credit investments
Net income attributable to common shareholders of $20M, or $0.23 per diluted share; net investment income $73M.
PennyMac Mortgage Investment Trust elects Scott Sauer as Class III trustee
Sauer was elected to Board on June 15, 2026, will serve until 2027 annual meeting.
PMT Q1 net income $14.2M ($0.16/shr); dividend $0.40; book value drops to $14.98
Net income attributable to common shareholders $14.2M, diluted EPS $0.16, on net investment income $82.1M.
PennyMac Mortgage Investment Trust Reports Q4 2025 Net Income of $41.9 Million, EPS $0.48
Net income attributable to common shareholders of $41.9 million, or $0.48 per share.
Issued $75M aggregate principal amount of 8.500% Exchangeable Senior Notes due 2029 as a further reopening of existing series.
PennyMac subsidiary issues $75M of 8.500% Exchangeable Notes due 2029
Issued $75M aggregate principal of 8.500% Exchangeable Senior Notes due 2029 as a reopening; total outstanding now $291.5M.
PennyMac Mortgage Investment Trust Q3 net income $47.8M, book value up to $15.16
Net income attributable to common shareholders of $47.8M ($0.55 EPS); annualized ROE of 14%.
PMT Q2 net loss $2.9M ($0.04/share) impacted by non-recurring $14M tax charge
Net loss attributable to common shareholders $2.9M ($0.04 diluted EPS); net investment income $70.2M.
PennyMac Mortgage Investment Trust reports annual meeting vote results; all proposals passed
Three Class I trustees elected: Scott W. Carnahan (38.0M for), Donna M. Corley (41.8M for), Renee R. Schultz (41.6M for).
PennyMac Mortgage Investment Trust closes $105M 9.00% Senior Notes due 2030; net proceeds ~$101M
Issued $105M aggregate principal of 9.00% Senior Notes due 2030, including $5M from partial exercise of over-allotment.
PennyMac Mortgage Investment Trust Q1 2025 net loss $0.8M, dividend $0.40/share
Net loss of $0.8M ($0.01 diluted EPS); net investment income $44.5M; book value per share fell to $15.43 from $15.87.
PMT closes $172.5M offering of 9.00% Senior Notes due 2030
$172.5M aggregate principal of 9.00% Senior Notes due 2030 issued; includes full exercise of $22.5M over-allotment.
PMT Q4 net income $36.1M ($0.41/share); book value $15.87; full-year net income down 19%
Q4 net income attributable to common shareholders $36.1M vs $199.7M in 2023; diluted EPS $0.41.
PMT enters $500M committed MSR financing facility with Citibank, max $1B
Initial term expires June 26, 2026; maximum principal balance $1B, committed amount $500M.
PMT extends key related-party agreements to Dec 2029; modifies management fees and servicing rates
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.
PennyMac Q3 net income $31.0M ($0.36 EPS); BVPS $15.85, dividend $0.40/share
Net income attributable to common shareholders $31.0M; diluted EPS $0.36; net investment income $80.9M.
PMT CIO William Chang steps down; Mark Elbaum named interim CIO
William Chang stepping down as PMT Senior Managing Director and CIO, effective Oct 11, 2024, to pursue other interests.
PMT Q2 net income $15.0M ($0.17/sh); book value $15.89; dividend $0.40
Net income $15.0M ($0.17 diluted EPS) on net investment income $71.2M; annualized ROE 4%.
PennyMac Mortgage Investment Trust issues $355M secured term notes for Fannie Mae MSR financing
Issued $355M Series 2024-FT1 Term Notes through subsidiaries, secured by Fannie Mae mortgage servicing rights.
PennyMac amends exchangeable notes to eliminate physical settlement option
Fifth Supplemental Indenture eliminates PennyMac Corp.'s option to elect physical settlement on its 2024 and 2026 exchangeable notes.
PennyMac Mortgage Investment Trust establishes $200M ATM equity offering program
Enters Equity Distribution Agreements with 8 agents including Barclays, Goldman Sachs, UBS for at-the-market sales.
SiSi Pouraghabagher elected as independent Class III trustee; term until 2027 annual meeting.
PMT subsidiary prices $200M 8.5% exchangeable senior notes due 2029
PennyMac Corp., a wholly-owned subsidiary, issued $200M of 8.500% Exchangeable Senior Notes due 2029.
PennyMac Mortgage to offer $200M exchangeable senior notes due 2029 via PMC
PMC plans $200M private offering of exchangeable senior notes due 2029; purchasers have 13-day option for additional $30M.
PMT Q1 2024 net income $37.2M ($0.39/diluted); dividend $0.40/sh; book value $16.11
Net investment income $74.2M; pretax income $32.4M vs. $32.6M in Q4 2023.
PennyMac Mortgage enters $2B structured note facility with Goldman Sachs; $375M committed
Series 2024-VF1 Note: max principal balance $2B, aggregate committed amount $375M.
PennyMac Mortgage Investment Trust Reports Q4 2023 Net Income of $42.5M, EPS $0.44
Q4 2023 net income attributable to common shareholders was $42.5 million, or $0.44 per diluted share.
PennyMac Mortgage Q3 net income $51M, book value rises to $16.01 per share
Net income attributable to common shareholders of $51.0M ($0.51 diluted EPS), up from $14.2M in prior quarter.
PennyMac Mortgage Investment Trust issues $50M of 8.50% Senior Notes due 2028
Closed $50M aggregate principal of 8.50% Senior Notes due Sept 30, 2028, guaranteed by PennyMac Corp.
PennyMac ups FMSR financing facility by $215M to $370M, adds two lenders
Series 2023-FTL1 Loan note balance increased from $155M to $370M via joinder of Veritex Community Bank ($65M) and Western Alliance Bank ($150M).
PennyMac Mortgage enters $150M Freddie Mac servicing advance receivables financing
Subsidiaries entered structured finance transaction via Series 2023-VF1 Variable Funding Note.
PMT Q2 net income $14.2M ($0.16/share), down from $50.2M; book value $15.81
Net income attributable to common shareholders of $14.2M ($0.16 diluted EPS) in Q2 2023, down from $50.2M in Q1 2023.
Turnout: 74.7M shares (84.7% of 88.2M entitled) present at June 8, 2023 meeting.
PennyMac Mortgage Investment Trust enters $155M Series 2023-FTL1 loan for Fannie Mae MSR financing
$155M initial note balance; 5-year term to May 25, 2028 with optional one-year extension.
PMT Q1 net income $50.2M ($0.50/diluted share) vs Q4 loss of $5.8M; book value up to $15.96
Net income attributable to common shareholders $50.2M ($0.50 diluted EPS) compared to net loss of $5.8M in Q4 2022; net investment income $90.4M.
Donna Corley elected to PMT board; Marianne Sullivan steps down, effective June 1, 2023
Donna Corley, former Freddie Mac EVP & Head of Single-Family Business, joins as independent Class I trustee effective June 1.
PMT enters separation agreement with ex-CIO Fartaj: $1.525M severance, continued equity vesting
Vandad Fartaj ceased as Senior Managing Director and CIO on March 3, 2023; separation agreement signed March 21, 2023.
PennyMac assigns Credit Suisse/Alpine credit facilities to Atlas Securitized Products
Credit facilities from Credit Suisse and Alpine assigned to Atlas Securitized Products and affiliates.
PennyMac Mortgage Investment Trust elects President Doug Jones to Board of Trustees
Doug Jones, President and Chief Mortgage Banking Officer, elected as Class III Trustee effective March 7, 2023.
PennyMac CIO Vandad Fartaj departs; William Chang appointed as replacement
Vandad Fartaj stepped down as Senior Managing Director and CIO of both PFSI and PMT effective March 3, 2023.
PMT reports Q4 net loss of $5.8M, full-year loss of $115.1M; book value down to $15.78
Net loss attributable to common shareholders of $5.8M ($0.07 diluted EPS) vs net income of $1.5M in Q3 2022.
PennyMac Q3 net income $1.5M ($0.01 EPS); increases share repurchase authorization to $500M
Net income of $1.5M ($0.01 diluted EPS) vs net loss of $81.2M in prior quarter; revenue $151.1M.
PMT reports Q2 net loss of $81.2M, diluted EPS -$0.88; book value per share falls to $16.59
Net loss attributable to common shareholders of $81.2M in Q2 2022, compared to net loss of $29.6M in Q1.
PennyMac Mortgage Investment Trust issues $305M secured term notes (2022-FT1) at SOFR+4.19%
Issued $305M aggregate principal of secured term notes (2022-FT1) via subsidiary PMT ISSUER TRUST - FMSR.
PMT shareholders elect three Class I trustees, ratify auditor, approve exec comp
Scott W. Carnahan elected with 57.99M votes for, 1.31M against, 2.70M abstentions.
PMT Q1 net loss $29.6M ($0.32/sh), book value down to $17.87
Net loss of $29.6M, or $(0.32) diluted EPS, vs prior Q loss of $27.3M.
PennyMac Mortgage Investment Trust elects Catherine A. Lynch to Board of Trustees
Catherine A. Lynch elected as independent Class III Trustee effective April 1, 2022.
PMT Q4 net loss $27.3M (-$0.28/sh); book value falls to $19.05
Q4 net loss attributable to common shareholders $27.3M, or -$0.28 diluted EPS; prior quarter net loss was $43.9M.
PennyMac COO Andrew Chang to step down Dec 31; takes Special Advisor role
Andrew S. Chang to step down as COO of PFSI and PMT effective Dec 31, 2021.
PMT reports Q3 net loss of $43.9M; book value down to $19.79
Net loss attributable to common shareholders of $43.9M ($0.45 diluted loss), vs net income of $31.9M in Q2.
On June 15, 2026, the Board of Trustees (the “Board”) of PennyMac Mortgage Investment Trust (the “Company”) elected Scott Sauer as a Class III Trustee.
On September 27, 2024, William Chang announced that he will step down from his role as Senior Managing Director and Chief Investment Officer of Pennymac Mortgage Investment Trust (the “Company”) effective October 11, 2024.
On October 3, 2024, the Company announced that Mark Elbaum will assume the responsibilities of Chief Investment Officer upon Mr. Chang’s departure on an interim basis.
On June 12, 2024, the Board of Trustees (the “Board”) of PennyMac Mortgage Investment Trust (the “Company”) elected SiSi Pouraghabagher as an independent Class III Trustee.
On April 19, 2023, the Board of Trustees (the “Board”) of PennyMac Mortgage Investment Trust (the “Company”) elected Donna Corley as an independent Class I Trustee effective as of June 1, 2023.
On April 17, 2023, Marianne Sullivan notified the Company that she was stepping down from the Company’s Board effective June 1, 2023.
Vandad Fartaj ceased serving as the Company’s Senior Managing Director and Chief Investment Officer on March 3, 2023.
On March 7, 2023, the Board of Trustees (the “Board”) of PennyMac Mortgage Investment Trust (the “Company”) elected Doug Jones, the Company’s President and Chief Mortgage Banking Officer as a non-independent Class III Trustee.
On March 3, 2023, Vandad Fartaj ceased serving as PennyMac Mortgage Investment Trust’s (the “Company”) Senior Managing Director and Chief Investment Officer.
On March 9, 2023, the Company announced that William Chang has been appointed as the Company’s Senior Managing Director and Chief Investment Officer.
On March 3, 2022, the Board of Trustees (the “Board”) of PennyMac Mortgage Investment Trust (the “Company”) elected Catherine A. Lynch as an independent Class III Trustee effective as of April 1, 2022.
On November 18, 2021, PennyMac Mortgage Investment Trust (the “Company”) announced that Andrew S. Chang has decided to step down as the Company’s Senior Managing Director and Chief Operating Officer on December 31, 2021, in order to pursue other interests. Mr. Chang will assume a new position as Special Advisor to the Company’s Chairman and Chief Executive Officer.
Max materiality 0.90 · Median 0.65 · Most common event earnings