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PennyMac Mortgage Investment Trust Q3 2024 Earnings Report

PennyMac Mortgage Investment Trust logo
$13.54 +0.11 (+0.82%)
(As of 12:20 PM ET)

PennyMac Mortgage Investment Trust EPS Results

Actual EPS
$0.36
Consensus EPS
$0.37
Beat/Miss
Missed by -$0.01
One Year Ago EPS
$0.51

PennyMac Mortgage Investment Trust Revenue Results

Actual Revenue
$80.86 million
Expected Revenue
$93.75 million
Beat/Miss
Missed by -$12.89 million
YoY Revenue Growth
N/A

PennyMac Mortgage Investment Trust Announcement Details

Quarter
Q3 2024
Time
After Market Closes

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PennyMac Mortgage Investment Trust Earnings Headlines

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About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust (NYSE:PMT), through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate. The company's Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency MBS, as well as related interest rate hedging activities. Its Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of MBS. The company primarily sells its loans to government-sponsored entities or PennyMac Loan Services, LLC. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. The company was incorporated in 2009 and is headquartered in Westlake Village, California.

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