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Dec 31, 2022
PennyMac Q4 2022 Earnings Report
Reported a net loss due to fair value declines in interest rate and credit sensitive strategies, despite solid income excluding these impacts.
Key Takeaways
PennyMac Mortgage Investment Trust reported a net loss of $5.8 million for Q4 2022, driven by fair value declines that offset solid income from other areas. Conventional correspondent loan production volumes decreased, but new MSRs were created. The company repurchased shares and extended the maturity of CRT term notes.
Net loss attributable to common shareholders was $5.8 million.
Conventional correspondent loan production volumes totaled $6.8 billion UPB, down 34% from the prior quarter.
Created $127 million in new MSRs.
Book value per common share decreased to $15.78.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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