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16.12.25 - 21:54
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KBRA Assigns Preliminary Ratings to PMT Loan Trust 2025-CNF2 (PMTLT 2025-CNF2) (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA assigns preliminary ratings to 56 classes of mortgage-backed notes from PMT Loan Trust 2025-CNF2 (PMTLT 2025-CNF2), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2025-CNF2 comprises 574 agency-eligible, conforming mortgage loans with an aggregate stated principal balance of approximately $292.8 million as of the December 1, 2025 cut-off date. The underlying collateral consists of fully amortizing, mostly 30-year fixed-rate mortgages originated under the general QM designation. The pool is characterized by a weighted average (WA) original loan-to-value (LTV) of 74.7%, a WA original combined LTV (CLTV) of 75.4% and a WA original credit score of 770.
KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan file due diligence, cash...
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11.12.25 - 23:09
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PennyMac Mortgage Investment Trust Prices Reopening of $75 Million of 8.500% Exchangeable Senior Notes Due 2029 (Business Wire)
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WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) (“PMT” or the “Company”) today announced that its indirect wholly-owned subsidiary, PennyMac Corp. (“PMC”), has priced an offering of $75 million aggregate principal amount of its 8.500% Exchangeable Senior Notes due 2029 (the “Notes”) to certain investors in a direct placement registered under the Securities Act of 1933, as amended. The Notes will be issued as a reopening of, and will be part of the same series as, the $216.5 million aggregate principal amount of 8.500% Exchangeable Senior Notes due 2029 that PMC originally issued in May 2024, all of which are outstanding. The issuance and sale of the Notes are expected to close on December 15, 2025, subject to the satisfaction of certain closing conditions. Interest on the Notes is payable semiannually in arrears on June 1 and December 1 of each year. The Notes will be fully and unconditionally guaranteed by the Company.
Upon exchange, PMC will pay ...
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10.12.25 - 14:03
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PennyMac Mortgage Investment Trust Declares Fourth Quarter 2025 Dividend for Its Common Shares (Business Wire)
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WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees declared a cash dividend of $0.40 per common share of beneficial interest for the fourth quarter of 2025. This dividend will be paid on January 23, 2026, to common shareholders of record as of December 26, 2025.
About PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets. PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI). Additional information about PennyMac Mortgage Investment Trust is available at pmt.pennymac.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding management's beliefs, estimates, projections and assu...
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02.12.25 - 23:30
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KBRA Assigns Preliminary Ratings to PMT Loan Trust 2025-INV12 (PMTLT 2025-INV12) (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA assigns preliminary ratings to 59 classes of mortgage-backed notes from PMT Loan Trust 2025-INV12 (PMTLT 2025-INV12), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2025-INV12 comprises 1,046 fixed-rate mortgages (FRMs) with an aggregate principal balance of $397.6 million as of the December 1, 2025 cut-off date. The underlying pool consists of agency-eligible loans that are collateralized by investment properties (74.5%) and second homes (25.5%). The pool is characterized by significant borrower equity in each mortgaged property, as evidenced by the WA original LTV of 74.4%. The weighted average original credit score is 776, which is well within the prime mortgage range.
KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan ...
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13.11.25 - 14:03
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PennyMac Mortgage Investment Trust Declares Fourth Quarter 2025 Dividends for Its Preferred Shares (Business Wire)
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WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees has declared cash dividends for the fourth quarter of 2025 on its 8.125% Series A Preferred Shares (NYSE: PMT PRA), its 8.000% Series B Preferred Shares (NYSE: PMT PRB) and its 6.750% Series C Preferred Shares (NYSE: PMT PRC).
In accordance with the terms for each preferred series, the dividend information is as follows:
Series
Ticker
Annual
Dividend Rate
Dividend Per
Share
Record Date
Payment Date
A
PMT PRA
8.125%
$0.507813
December 1, 2025
December 15, 2025
B
PMT PRB
8.000%
$0.500000
December 1, 2025
December 15, 2025
C
PMT PRC
6.750%
$0.421875
December 1, 2025
December 15, 2025
About PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets. PMT is externally managed by PN...
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03.11.25 - 21:09
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KBRA Assigns Preliminary Ratings to PMT Loan Trust 2025-INV11 (PMTLT 2025-INV11) (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA assigns preliminary ratings to 78 classes of mortgage-backed notes from PMT Loan Trust 2025-INV11 (PMTLT 2025-INV11), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2025-INV11 comprises 1,143 fixed-rate mortgages (FRMs) with an aggregate principal balance of $426.5 million as of the November 1, 2025 cut-off date. The underlying pool consists of agency-eligible loans that are collateralized by investment properties (68.8%) and second homes (31.2%). The pool is characterized by significant borrower equity in each mortgaged property, as evidenced by the WA original LTV of 75.4%. The weighted average original credit score is 775, which is well within the prime mortgage range.
KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan ...
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21.10.25 - 22:18
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PennyMac Mortgage Investment Trust Reports Third Quarter 2025 Results (Business Wire)
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WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Mortgage Investment Trust (NYSE: PMT) today reported net income attributable to common shareholders of $47.8 million, or $0.55 per common share for the third quarter of 2025, on net investment income of $99.2 million. PMT previously announced a cash dividend for the third quarter of 2025 of $0.40 per common share of beneficial interest, which was declared on September 17, 2025, and will be paid on October 24, 2025, to common shareholders of record as of October 10, 2025.
Third Quarter 2025 Highlights
Financial results:
Net income attributable to common shareholders of $47.8 million; annualized return on average common shareholders' equity of 14 percent1
Strong levels of income excluding market driven value changes and interest rate risk hedging results
Book value per common share increased to $15.16 at September 30, 2025, from $15.00 at June 30, 2025
Other investment highlights:
Investment activity driven by acquisition volumes
Loans acquired totaled $4...
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21.10.25 - 22:18
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PennyMac Financial Services, Inc. Reports Third Quarter 2025 Results (Business Wire)
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WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $181.5 million for the third quarter of 2025, or $3.37 per share on a diluted basis, on total net revenues of $632.9 million. Book value per share increased to $81.12 from $78.04 at June 30, 2025.
PFSI's Board of Directors declared a third quarter cash dividend of $0.30 per share, payable on November 26, 2025, to common stockholders of record as of November 17, 2025.
Third Quarter 2025 Highlights
Pretax income was $236.4 million, up from $76.4 million in the prior quarter and $93.9 million in the third quarter of 2024
Production segment pretax income was $122.9 million, up from $57.8 million in the prior quarter and down slightly from $129.4 million in the third quarter of 2024
Total loan acquisitions and originations, including those fulfilled for PennyMac Mortgage Investment Trust (NYSE: PMT), were $36.5 billion in unpaid principal balance (UPB), down 4 percent from the prior quarter a...
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14.10.25 - 17:18
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KBRA Assigns Preliminary Ratings to PMT Loan Trust 2025-CNF1 (PMTLT 2025-CNF1) (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA assigns preliminary ratings to 68 classes of mortgage-backed notes from PMT Loan Trust 2025-CNF1 (PMTLT 2025-CNF1), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2025-CNF1 comprises 570 agency-eligible, conforming mortgage loans with an aggregate stated principal balance of approximately $291.7 million as of the October 1, 2025 cut-off date. The underlying collateral consists of fully amortizing, mostly 30-year fixed-rate mortgages originated under the general QM designation. The pool is characterized by a weighted average (WA) original loan-to-value (LTV) of 71.8%, a WA original combined LTV (CLTV) of 72.6% and a WA original credit score of 775.
KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan file due diligence, cash ...
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