PennyMac Mortgage Investment Trust (NYSE: PMT)
PennyMac Mortgage Investment Trust Return vs. S&P
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PennyMac Mortgage Investment Trust Company Info
PennyMac Mortgage Investment Trust is a finance company, which invests primarily in residential mortgage loans and mortgage-related assets. It operates through following segments: Correspondent Production, Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Corporate Activities. The Correspondent Production segment deals with purchasing, pooling, and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities in capital markets. The Credit Sensitive Strategies segment includes investments in distressed mortgage loans, real estate acquired in settlement of mortgage loans, real estate held for investment, credit risk transfer agreements, non-agency subordinated bonds, and small balance commercial real estate mortgage loans. The Interest Rate Sensitive Strategies segment focuses on investments in mortgage servicing rights, excess servicing spread, agency and senior non-agency mortgage-backed securities, and the related interest rate hedging activities. The Corporate segment includes management fee and corporate expense amounts and certain interest income. The company was founded by Stanford L. Kurland on May 18, 2009 and is headquartered in Westlake Village, CA.
News & Analysis
Here's How PennyMac Mortgage Trust Can Afford Its 12% Dividend Yield
Once the Fed stops tightening, the mortgage-backed security market should return to normal.
PennyMac Mortgage Outperforms Its Peers With an Increase in Book Value Per Share
Credit risk transfer securities saved the day in the first quarter.
Mortgage Servicing Could Be a Risk for PennyMac Mortgage Trust. Here's Why
Mortgage servicing saved the day last year, but we might be at a high-water mark for the asset class.
Don't Be Fooled: This Ultra-High Dividend Might Be in Trouble
Mortgage servicing has been the engine driving profits lately, but the servicing book is fully valued.
Why is PennyMac Mortgage Trust's Dividend Yield So High?
Mortgage servicing has driven results, but will they continue?
FHFA Director Indicates GSEs Are Unlikely to Bail Out Mortgage Firms
Mark Calabria said he does not see any evidence of a systemic crisis among non-bank mortgage servicing firms.
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These stocks remain positioned to maintain or increase their 5%-plus dividend yields. They could be good buys at current discounted prices.
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The lowest yield among these three stocks is 11.5%, but they aren't exactly low-risk.
Valuation
Earnings Transcripts
PennyMac Mortgage Investment Trust (PMT) Q2 2022 Earnings Call Transcript
PMT earnings call for the period ending June 30, 2022.
PennyMac Mortgage Investment Trust (PMT) Q4 2021 Earnings Call Transcript
PMT earnings call for the period ending December 31, 2021.
PennyMac Mortgage Investment Trust (PMT) Q3 2021 Earnings Call Transcript
PMT earnings call for the period ending September 30, 2021.
PennyMac Mortgage Investment Trust (PMT) Q2 2021 Earnings Call Transcript
PMT earnings call for the period ending June 30, 2021.
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