PennyMac Mortgage Investment Trust Reports Q3 2026 Net Loss Amid Interest Rate Volatility

PennyMac Mortgage Investment Trust (PMT) reported a net loss of $36 million, or $0.41 per share, for the third quarter of 2026. The loss was primarily driven by market-driven value declines totaling $66 million, largely due to widening mortgage spreads and increased interest rate volatility. Consequently, book value per share decreased by 5% from the previous quarter to $14.03. Despite these headwinds, the company is actively rotating capital into higher-yielding assets. PennyMac sold $13 billion in Agency mortgage servicing rights (MSR) and has committed to selling an additional $22 billion in UPB. Management expects a forward run-rate return of $0.38 per share, representing a 15% increase from the prior quarter, driven by lower prepayment expectations and strategic capital reallocation.

By Motley Fool Transcribing · Motley Fool · October 30, 2026, 13:24 UTC

Tickers: $COOP $PMT

Topics: Adjusted Net Income Book Value Per Share MSR Sales Volume Net Loss ROE Projection Share Repurchase Authorization

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