\n\n($ in millions except for per share metrics)<\/i><\/p><\/td> | \n\u00a0<\/p><\/td> | \n2Q26<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n1Q26<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n2Q25<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nQ\/Q<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nY\/Y<\/b><\/p><\/td><\/tr>\n\n\nNet investment income<\/p><\/td> | \n\u00a0<\/p><\/td> | \n73<\/p><\/td> | \n\u00a0<\/p><\/td> | \n82<\/p><\/td> | \n\u00a0<\/p><\/td> | \n70<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(11)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n4%<\/p><\/td><\/tr>\n | \n\nNet income (loss) attributable to common shareholders<\/p><\/td> | \n\u00a0<\/p><\/td> | \n20<\/p><\/td> | \n\u00a0<\/p><\/td> | \n14<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(3)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n45%<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n\nDiluted earnings (loss) per common share<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$ 0.23<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$ 0.16<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$ (0.04)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n44%<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n\nAnnualized return on common equity (ROE)(1)<\/sup><\/p><\/td>\n\u00a0<\/p><\/td> | \n6%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n4%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n44%<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n\nBook value per share (at period end)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$ 14.83<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$ 14.98<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$ 15.00<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1)%<\/p><\/td><\/tr>\n | \n\nDividends declared per common share<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$ 0.40<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$ 0.40<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$ 0.40<\/p><\/td> | \n\u00a0<\/p><\/td> | \n--<\/p><\/td> | \n\u00a0<\/p><\/td> | \n--<\/p><\/td><\/tr>\n<\/table> \n\n| (1) Return on average common equity is calculated based on net income attributable to common shareholders as a percentage of monthly average common equity during the quarter<\/td>\n<\/tr>\n<\/table> \nBusiness Highlights<\/b><\/p>\n- \nAcquired $2.6 billion in UPB of loans through correspondent production activities, down 8% from the prior quarter and 17% from the second quarter of 2025; beginning in June, PMT elected to stop acquiring Agency-eligible conventional loans through correspondent production but will continue acquiring 100% of all non-Agency loans<\/li>\n
- \nAcquired $2.2 billion in UPB of loans from PFSI production for inclusion in private label securitizations, up 44% from the prior quarter and 123% from the second quarter of 2025<\/li>\n
- \nClosed three Agency-eligible investor loan securitizations, one jumbo loan securitization, and two Agency-eligible owner occupied loan securitizations with a combined UPB of $2.2 billion<\/li>\n
- \nGenerated $120 million of net new investments in non-Agency subordinate bonds1<\/sup><\/li>\n
- \nPurchased $486 million of Agency floating-rate mortgage-backed securities (MBS)<\/li>\n<\/ul>
\n\n| ___________________________________<\/td>\n<\/tr>\n | \n| 1<\/sup> We consolidate the assets and liabilities of the trust that issued the subordinate and senior bonds; accordingly, these investments are shown as Loans held for investment at fair value and Asset-backed financing of variable interest entities at fair value on our consolidated balance sheets<\/td>\n<\/tr>\n<\/table> \nNotable Activity After Quarter End<\/b><\/p>\n- \nCompleted one jumbo loan securitization and one Agency-eligible owner-occupied loan securitization with a combined UPB of $692 million, generating $36 million of net new investments in non-Agency subordinate bonds2<\/sup><\/li>\n
- \nEntered into an agreement to sell $13 billion in UPB of low-coupon Agency MSRs with an expected close at the end of August<\/li>\n<\/ul>
\n\n| ___________________________________<\/td>\n<\/tr>\n | \n\n2<\/sup> We consolidate the assets and liabilities of the trust that issued the subordinate and senior bonds; accordingly, these investments are shown as Loans held for investment at fair value and Asset-backed financing of variable interest entities at fair value on our consolidated balance sheets<\/p><\/td><\/tr>\n<\/table>\nCredit Sensitive Strategies Segment<\/b><\/p> \nThe table below highlights key operating metrics and financial performance in the credit sensitive strategies segment:<\/p> \n\n\n($ in millions)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2Q26<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n1Q26<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n2Q25<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nQ\/Q<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nY\/Y<\/b><\/p><\/td><\/tr>\n\n\nOrganically-created CRT investments<\/b><\/p> \n(at period end)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nFair value<\/p><\/td> | \n\u00a0<\/p><\/td> | \n938<\/p><\/td> | \n\u00a0<\/p><\/td> | \n962<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,049<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(2)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(11)%<\/p><\/td><\/tr>\n | \n\nUnderlying UPB<\/p><\/td> | \n\u00a0<\/p><\/td> | \n18,090<\/p><\/td> | \n\u00a0<\/p><\/td> | \n18,716<\/p><\/td> | \n\u00a0<\/p><\/td> | \n20,356<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(3)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(11)%<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nFair value of subordinate MBS held in VIE from PMT private label securitizations (at period end)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n853<\/p><\/td> | \n\u00a0<\/p><\/td> | \n735<\/p><\/td> | \n\u00a0<\/p><\/td> | \n274<\/p><\/td> | \n\u00a0<\/p><\/td> | \n16%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n211%<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nProfitability<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nIncome excluding market-driven value changes<\/p><\/td> | \n\u00a0<\/p><\/td> | \n12<\/p><\/td> | \n\u00a0<\/p><\/td> | \n12<\/p><\/td> | \n\u00a0<\/p><\/td> | \n14<\/p><\/td> | \n\u00a0<\/p><\/td> | \n4%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(15)%<\/p><\/td><\/tr>\n | \n\nMarket-driven value changes(1)<\/sup><\/p><\/td>\n\u00a0<\/p><\/td> | \n(1)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n5<\/p><\/td> | \n\u00a0<\/p><\/td> | \n7<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n\nTotal income contribution<\/p><\/td> | \n\u00a0<\/p><\/td> | \n11<\/p><\/td> | \n\u00a0<\/p><\/td> | \n17<\/p><\/td> | \n\u00a0<\/p><\/td> | \n22<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(32)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(49)%<\/p><\/td><\/tr>\n | \n\nWeighted average equity allocated<\/p><\/td> | \n\u00a0<\/p><\/td> | \n411<\/p><\/td> | \n\u00a0<\/p><\/td> | \n390<\/p><\/td> | \n\u00a0<\/p><\/td> | \n450<\/p><\/td> | \n\u00a0<\/p><\/td> | \n5%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(9)%<\/p><\/td><\/tr>\n | \n\nAnnualized ROE<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n11%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n17%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n19%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(6)%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(8)%<\/b><\/p><\/td><\/tr>\n<\/table>\n\n| May not sum due to rounding<\/td>\n<\/tr>\n | \n| (1) Categorization of market-driven value changes or non-recurring impacts are based on management assessment; income excluding market-driven value changes does not represent REIT taxable income and is a non-GAAP figure<\/td>\n<\/tr>\n<\/table> \nPMT\u2019s organically created CRT investments totaled $938 million in fair value at June 30, 2026 with an underlying UPB of $18.1 billion, both down from prior periods due to runoff. The fair value of subordinate bond investments from private label securitizations totaled $853 million at quarter end, up 16% from the end of the prior quarter and 211% from June 30, 2025 as we continue to deploy capital towards these investments.<\/p> \nPretax income for the segment was $11 million, or an 11% annualized return on equity. Income excluding market-driven value changes was $12 million, essentially unchanged from the prior quarter.<\/p> \nThe contribution to pretax income from organically-created CRT investments was $6 million, down from $10 million in the prior quarter. The decline was primarily due to valuation-related declines of $1 million versus valuation-related gains of $3 million in the prior quarter. The contribution to pretax income from subordinate bonds from PMT private label securitizations was $5 million, down from $6 million in the prior quarter primarily due to lower valuation-related gains.<\/p> \nInterest Rate Sensitive Strategies Segment<\/b><\/p> \nThe table below highlights key operating metrics and financial performance in the interest rate sensitive strategies segment:<\/p> \n\n\n($ in millions)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2Q26<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n1Q26<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n2Q25<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nQ\/Q<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nY\/Y<\/b><\/p><\/td><\/tr>\n\n\nMSR Portfolio (at period end)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nFair value<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3,576<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3,624<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3,739<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(4)%<\/p><\/td><\/tr>\n | \n\nUnpaid principal balance (UPB)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n208,427<\/p><\/td> | \n\u00a0<\/p><\/td> | \n212,199<\/p><\/td> | \n\u00a0<\/p><\/td> | \n221,632<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(2)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(6)%<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nFair value of MBS portfolio (at period end)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n4,076<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3,766<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3,967<\/p><\/td> | \n\u00a0<\/p><\/td> | \n8%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3%<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nFair value of senior MBS held in VIE from PMT private label securitizations (at period end)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n84<\/p><\/td> | \n\u00a0<\/p><\/td> | \n94<\/p><\/td> | \n\u00a0<\/p><\/td> | \n56<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(11)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n51%<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nProfitability<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nIncome excluding market-driven value changes<\/p><\/td> | \n\u00a0<\/p><\/td> | \n20<\/p><\/td> | \n\u00a0<\/p><\/td> | \n12<\/p><\/td> | \n\u00a0<\/p><\/td> | \n24<\/p><\/td> | \n\u00a0<\/p><\/td> | \n71%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(17)%<\/p><\/td><\/tr>\n | \n\nMarket-driven value changes(1)<\/sup><\/p><\/td>\n\u00a0<\/p><\/td> | \n(11)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(4)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(29)<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n\nTotal income contribution<\/p><\/td> | \n\u00a0<\/p><\/td> | \n9<\/p><\/td> | \n\u00a0<\/p><\/td> | \n8<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(5)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n13%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n284%<\/p><\/td><\/tr>\n | \n\nWeighted average equity allocated<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,187<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,198<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,113<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n7%<\/p><\/td><\/tr>\n | \n\nAnnualized ROE<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n3%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n3%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(2)%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n0%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n5%<\/b><\/p><\/td><\/tr>\n<\/table>\n\n| May not sum due to rounding<\/td>\n<\/tr>\n | \n| (1) Categorization of market-driven value changes or non-recurring impacts are based on management assessment; income excluding market-driven value changes does not represent REIT taxable income and is a non-GAAP figure<\/td>\n<\/tr>\n<\/table> \nThe fair value of PMT\u2019s MSR asset was $3.6 billion at quarter end with $208 billion in UPB of underlying loans, both down slightly from the end of the prior quarter due to runoff. The fair value of the MBS portfolio was $4.1 billion, up from $3.8 billion at the end of the prior quarter primarily due to $486 million in new MBS purchases.<\/p> \nPretax income for the segment was $9 million, compared to $8 million in the prior quarter and pretax loss of $5 million in the second quarter of 2025. Pretax income in the quarter was driven by $20 million of income excluding market-driven value changes, partially offset by $11 million of market-driven losses.<\/p> \nNet loan servicing fees were $40 million, compared to $84 million in the prior quarter. Net loan servicing fees included contractually specified servicing fees and other fees of $149 million, down slightly from the prior quarter, reduced by $100 million in realization of MSR cash flows, which was also down slightly from the prior quarter due to lower expectations for prepayments in the future due to higher interest rates. Net loan servicing fees also included $19 million in fair value gains on MSRs, $33 million in hedging losses, and $5 million of MSR recapture income.<\/p> \nNet gains on investments for the segment were $12 million, primarily from senior bonds held for investment from PMT private label securitizations.<\/p> \nNet interest expense for the segment was $20 million versus $13 million in the prior quarter. Interest income totaled $237 million, up from $215 million in the prior quarter primarily due to increased income from custodial deposits and a higher amount of retained investments from private label securitizations. Similarly, interest expense was $257 million, up from $228 million in the prior quarter due to higher financing balances, which includes additional non-recourse asset-backed financing resulting from securitization activity.<\/p> \nSegment expenses, primarily subservicing fees paid to PFSI, were $23 million, down slightly from the prior quarter.<\/p> \nAggregation and Securitization Segment<\/b><\/p> \nThe table below highlights the financial performance in the aggregation and securitization segment:<\/p> \n\n\n($ in millions)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2Q26<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n1Q26<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n2Q25<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nQ\/Q<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nY\/Y<\/b><\/p><\/td><\/tr>\n\n\nCorrespondent Production Volume (UPB)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nConventional Conforming<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,371<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,062<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,740<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(34)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(50)%<\/p><\/td><\/tr>\n | \n\nJumbo<\/p><\/td> | \n\u00a0<\/p><\/td> | \n918<\/p><\/td> | \n\u00a0<\/p><\/td> | \n647<\/p><\/td> | \n\u00a0<\/p><\/td> | \n346<\/p><\/td> | \n\u00a0<\/p><\/td> | \n42%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n165%<\/p><\/td><\/tr>\n | \n\nNon-QM<\/p><\/td> | \n\u00a0<\/p><\/td> | \n276<\/p><\/td> | \n\u00a0<\/p><\/td> | \n88<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n212%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n-<\/p><\/td><\/tr>\n | \n\nTotal<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,565<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,797<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n3,086<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(8)%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(17)%<\/b><\/p><\/td><\/tr>\n\n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nUPB of loans acquired from PFSI production<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,224<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,540<\/p><\/td> | \n\u00a0<\/p><\/td> | \n996<\/p><\/td> | \n\u00a0<\/p><\/td> | \n44%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n123%<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nTotal UPB of loans acquired<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n4,789<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n4,336<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n4,082<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n10%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n17%<\/b><\/p><\/td><\/tr>\n\n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nProfitability<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nTotal income contribution<\/p><\/td> | \n\u00a0<\/p><\/td> | \n11<\/p><\/td> | \n\u00a0<\/p><\/td> | \n16<\/p><\/td> | \n\u00a0<\/p><\/td> | \n14<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(32)%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(19)%<\/p><\/td><\/tr>\n | \n\nWeighted average equity allocated<\/p><\/td> | \n\u00a0<\/p><\/td> | \n215<\/p><\/td> | \n\u00a0<\/p><\/td> | \n201<\/p><\/td> | \n\u00a0<\/p><\/td> | \n185<\/p><\/td> | \n\u00a0<\/p><\/td> | \n7%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n16%<\/p><\/td><\/tr>\n | \n\nAnnualized ROE<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n21%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n33%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n30%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(12)%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(9)%<\/b><\/p><\/td><\/tr>\n<\/table>\n\n| May not sum due to rounding<\/td>\n<\/tr>\n<\/table> \nPMT purchased a total of $2.6 billion in UPB of conventional conforming and nonconforming loans through its purchase agreement that PFSI acquired from correspondent sellers, down 8% from the prior quarter. PMT acquired 15% of total conventional conforming correspondent production, down from 18% in the prior quarter. Beginning in June, PMT elected to stop acquiring Agency-eligible conventional correspondent loans while retaining 100% of all non-Agency loan volume. PMT also acquired $2.2 billion in UPB of loans from PFSI\u2019s production for inclusion in private label securitizations, up from $1.5 billion in the prior quarter.<\/p> \nPretax income for the segment was $11 million in the second quarter, down from $16 million in the prior quarter.<\/p> \nSegment revenues were $29 million and included net gains on loans acquired for sale of $15 million, net interest income of $11 million, and other income of $2 million, which primarily consists of volume-based origination fees. Net gains on loans acquired for sale declined from the prior quarter primarily due to lower volumes. Interest income was $43 million, up slightly from $40 million in the prior quarter, and interest expense was $32 million, unchanged from the prior quarter.<\/p> \nSegment expenses were $17 million, unchanged from the prior quarter.<\/p> \nCorporate and Other<\/b><\/p> \nPretax loss for the quarter was $15 million, up slightly from the prior quarter.<\/p> \nCorporate revenues were zero, compared to $1 million in the prior quarter.<\/p> \nCorporate expenses were $15 million, unchanged from the prior quarter.<\/p> \nTaxes<\/b><\/p> \nPMT recorded a tax benefit of $14.1 million in the second quarter, driven primarily by hedging losses in its taxable REIT subsidiary.<\/p> \nManagement\u2019s slide presentation and accompanying materials will be available in the Investor Relations section of the Company\u2019s website at pmt.pennymac.com<\/a> after the market closes on Wednesday, July 29, 2026. Management will also host a conference call and live audio webcast at 6:00 p.m. Eastern Time to review the Company\u2019s financial results. The webcast can be accessed at pmt.pennymac.com<\/a> and a replay will be available shortly after its conclusion. Individuals who are unable to access the website but would like to receive a copy of the materials should contact the Company\u2019s Investor Relations department at 818.224.7028.<\/p>\nAbout PennyMac Mortgage Investment Trust<\/b><\/p> \nPennyMac 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<\/a>.<\/p>\nForward-Looking Statements<\/b><\/p> \nThis press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding management\u2019s beliefs, estimates, projections and assumptions with respect to, among other things, the Company\u2019s financial results, future operations, business plans and investment strategies, as well as industry and market conditions, all of which are subject to change. Words like \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cpromise,\u201d \u201cplan,\u201d and other expressions or words of similar meanings, as well as future or conditional verbs such as \u201cwill,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201ccould,\u201d or \u201cmay\u201d are generally intended to identify forward-looking statements. Actual results and operations for any future period may vary materially from those projected herein and from past results discussed herein. Factors which could cause actual results to differ materially from historical results or those anticipated include, but are not limited to: interest rate changes; changes in macroeconomic, consumer and real estate market conditions; changes in housing prices, housing sales and real estate values; rising homeownership costs negatively impacting housing affordability; compliance with changing federal, state and local laws and regulations that govern its business; the general economy or the real estate finance and real estate markets; events or circumstances which undermine confidence in the financial and housing markets or otherwise have a broad impact on financial and housing markets; the degree and nature of the Company\u2019s competition; the availability of, and level of competition for, attractive risk adjusted investment opportunities in mortgage loans and mortgage related assets that satisfy the Company\u2019s investment objectives; the concentration of credit risks to which the Company is exposed; the Company\u2019s dependence on and potential conflicts with its manager, servicer and their affiliates; the Company\u2019s ability to mitigate cybersecurity risks, cyber incidents and technology disruptions; the development of artificial intelligence; the availability, terms and deployment of short term and long term capital; the adequacy of the Company\u2019s cash reserves and working capital; the Company\u2019s ability to maintain the desired relationship between its financing and the interest rates and maturities of its assets; the timing and amount of cash flows, if any, from the Company\u2019s investments; the Company\u2019s engagement in private loan securitizations; the Company\u2019s substantial amount of indebtedness; the performance, financial condition and liquidity of borrowers; the Company\u2019s exposure to risks of loss and disruptions in operations from severe weather events, man-made or other natural conditions, including climate change and pandemics; the ability of the Company\u2019s servicer, which also provides the Company with fulfillment services, to approve and monitor correspondent sellers and underwrite loans to investor standards; incomplete or inaccurate information or documentation provided by customers or counterparties, or adverse changes in the financial condition of the Company\u2019s customers and counterparties; the Company\u2019s indemnification and repurchase obligations in connection with mortgage loans it purchases and later sells or securitizes; the quality and enforceability of the collateral documentation evidencing the Company\u2019s ownership and rights in the assets in which it invests; increased rates of delinquency, defaults and forbearances and\/or decreased recovery rates on the Company\u2019s investments; the performance of mortgage loans underlying mortgage backed securities or other investments in which the Company retains credit risk; the Company\u2019s ability to foreclose on its investments in a timely manner or at all; increased prepayments of the mortgages and other loans underlying the Company\u2019s mortgage backed securities or relating to the Company\u2019s mortgage servicing rights and other investments; risks associated with the discontinuation of LIBOR; the degree to which the Company\u2019s hedging strategies may or may not protect it from interest rate volatility; the accuracy or changes in the estimates the Company makes about uncertainties, contingencies and asset and liability valuations; the Company\u2019s ability to maintain appropriate internal control over financial reporting; the Company\u2019s ability to detect misconduct and fraud; developments in the secondary markets for the Company\u2019s mortgage loan products; legislative and regulatory changes that impact the mortgage loan industry or housing market; regulatory or other changes that impact government agencies or government sponsored entities, or such changes that increase the cost of doing business with such agencies or entities; federal and state mortgage regulations and enforcement; changes in government support of homeownership and affordability programs; changes in the Company\u2019s investment objectives or investment or operational strategies; limitations imposed on the Company\u2019s business and its ability to satisfy complex rules for it to qualify as a REIT for U.S. federal income tax purposes and qualify for an exclusion from the Investment Company Act of 1940 and the ability of certain of the Company\u2019s subsidiaries to qualify as REITs or as taxable REIT subsidiaries for U.S. federal income tax purposes; changes in governmental regulations, accounting treatment, tax rates and similar matters; the Company\u2019s ability to make distributions to its shareholders in the future; the Company\u2019s failure to deal appropriately with issues that may give rise to reputational risk; and the Company\u2019s organizational structure and certain requirements in its charter documents. You should not place undue reliance on any forward-looking statement and should consider all of the uncertainties and risks described above, as well as those more fully discussed in reports and other documents filed by the Company with the Securities and Exchange Commission from time to time. The Company undertakes no obligation to publicly update or revise any forward-looking statements or any other information contained herein, and the statements made in this press release are current as of the date of this release only.<\/p> \nThis release contains financial information calculated other than in accordance with U.S. generally accepted accounting principles (\u201cGAAP\u201d), such as income excluding market driven value changes and leverage ratios that provide a meaningful perspective on the Company\u2019s business results since the Company utilizes this information to evaluate and manage the business. Non-GAAP disclosures have limitations as an analytical tool and should not be viewed as a substitute for financial information determined in accordance with GAAP.<\/p> \n\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n\nConsolidated Statements of Income<\/b><\/p> \n($ in millions, except per share amounts)<\/i><\/p><\/td><\/tr>\n\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2Q26<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n1Q26<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n4Q25<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n3Q25<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n2Q25<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nY\/Y<\/b><\/p><\/td><\/tr>\n\n\nRevenue<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nNet gains on loans acquired for sale<\/p><\/td> | \n\u00a0<\/p><\/td> | \n15<\/p><\/td> | \n\u00a0<\/p><\/td> | \n23<\/p><\/td> | \n\u00a0<\/p><\/td> | \n7<\/p><\/td> | \n\u00a0<\/p><\/td> | \n15<\/p><\/td> | \n\u00a0<\/p><\/td> | \n18<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(14)%<\/p><\/td><\/tr>\n | \n\nLoan origination fees<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(35)%<\/p><\/td><\/tr>\n | \n\nNet gain (loss) on investments and financings<\/p><\/td> | \n\u00a0<\/p><\/td> | \n22<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(23)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n53<\/p><\/td> | \n\u00a0<\/p><\/td> | \n64<\/p><\/td> | \n\u00a0<\/p><\/td> | \n34<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(34)%<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nContractually specified servicing and other fees<\/p><\/td> | \n\u00a0<\/p><\/td> | \n149<\/p><\/td> | \n\u00a0<\/p><\/td> | \n151<\/p><\/td> | \n\u00a0<\/p><\/td> | \n155<\/p><\/td> | \n\u00a0<\/p><\/td> | \n156<\/p><\/td> | \n\u00a0<\/p><\/td> | \n158<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(6)%<\/p><\/td><\/tr>\n | \n\nRealization of MSR cash flows<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(100)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(107)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(104)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(89)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(98)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3%<\/p><\/td><\/tr>\n | \n\nChanges in fair value of MSRs due to changes in fair value inputs<\/p><\/td> | \n\u00a0<\/p><\/td> | \n19<\/p><\/td> | \n\u00a0<\/p><\/td> | \n46<\/p><\/td> | \n\u00a0<\/p><\/td> | \n26<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(27)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n23<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n\nHedging results<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(33)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(12)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(45)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(27)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(61)<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n\nFrom PFSI--MSR recapture income<\/p><\/td> | \n\u00a0<\/p><\/td> | \n5<\/p><\/td> | \n\u00a0<\/p><\/td> | \n6<\/p><\/td> | \n\u00a0<\/p><\/td> | \n4<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1<\/p><\/td> | \n\u00a0<\/p><\/td> | \n230%<\/p><\/td><\/tr>\n | \n\nNet loan servicing fees<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n40<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n84<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n37<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n15<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n24<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n67%<\/b><\/p><\/td><\/tr>\n\n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nInterest income<\/p><\/td> | \n\u00a0<\/p><\/td> | \n304<\/p><\/td> | \n\u00a0<\/p><\/td> | \n276<\/p><\/td> | \n\u00a0<\/p><\/td> | \n248<\/p><\/td> | \n\u00a0<\/p><\/td> | \n230<\/p><\/td> | \n\u00a0<\/p><\/td> | \n196<\/p><\/td> | \n\u00a0<\/p><\/td> | \n55%<\/p><\/td><\/tr>\n | \n\nInterest expense<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(311)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(280)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(255)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(228)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(205)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n52%<\/p><\/td><\/tr>\n | \n\nNet interest income (expense)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(7)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(4)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(6)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n2<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(9)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(18)%<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nOther income<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(0)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(0)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n\nNet investment income<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n73<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n82<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n94<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n99<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n70<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n4%<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n<\/table> \n\n\nExpenses<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nLoan fulfillment fees<\/p><\/td> | \n\u00a0<\/p><\/td> | \n5<\/p><\/td> | \n\u00a0<\/p><\/td> | \n6<\/p><\/td> | \n\u00a0<\/p><\/td> | \n7<\/p><\/td> | \n\u00a0<\/p><\/td> | \n6<\/p><\/td> | \n\u00a0<\/p><\/td> | \n6<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(14)%<\/p><\/td><\/tr>\n | \n\nLoan servicing fees<\/p><\/td> | \n\u00a0<\/p><\/td> | \n20<\/p><\/td> | \n\u00a0<\/p><\/td> | \n20<\/p><\/td> | \n\u00a0<\/p><\/td> | \n20<\/p><\/td> | \n\u00a0<\/p><\/td> | \n21<\/p><\/td> | \n\u00a0<\/p><\/td> | \n22<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(9)%<\/p><\/td><\/tr>\n | \n\nManagement fees<\/p><\/td> | \n\u00a0<\/p><\/td> | \n7<\/p><\/td> | \n\u00a0<\/p><\/td> | \n7<\/p><\/td> | \n\u00a0<\/p><\/td> | \n7<\/p><\/td> | \n\u00a0<\/p><\/td> | \n7<\/p><\/td> | \n\u00a0<\/p><\/td> | \n7<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1)%<\/p><\/td><\/tr>\n | \n\nLoan collection and liquidation<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(30)%<\/p><\/td><\/tr>\n | \n\nProfessional services<\/p><\/td> | \n\u00a0<\/p><\/td> | \n12<\/p><\/td> | \n\u00a0<\/p><\/td> | \n14<\/p><\/td> | \n\u00a0<\/p><\/td> | \n14<\/p><\/td> | \n\u00a0<\/p><\/td> | \n9<\/p><\/td> | \n\u00a0<\/p><\/td> | \n8<\/p><\/td> | \n\u00a0<\/p><\/td> | \n39%<\/p><\/td><\/tr>\n | \n\nCompensation<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3<\/p><\/td> | \n\u00a0<\/p><\/td> | \n20%<\/p><\/td><\/tr>\n | \n\nLoan origination<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(98)%<\/p><\/td><\/tr>\n | \n\nSafekeeping<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(24)%<\/p><\/td><\/tr>\n | \n\nOther expenses<\/p><\/td> | \n\u00a0<\/p><\/td> | \n7<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3<\/p><\/td> | \n\u00a0<\/p><\/td> | \n100%<\/p><\/td><\/tr>\n | \n\nTotal expenses<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n56<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n55<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n57<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n52<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n53<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n5%<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nPretax income<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n17<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n27<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n36<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n47<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n17<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1)%<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nProvision for (benefit from) income taxes<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(14)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(16)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(11)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n9<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nNet income (loss)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n31<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n25<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n52<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n58<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n8<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nDividends on preferred shares<\/p><\/td> | \n\u00a0<\/p><\/td> | \n10<\/p><\/td> | \n\u00a0<\/p><\/td> | \n10<\/p><\/td> | \n\u00a0<\/p><\/td> | \n10<\/p><\/td> | \n\u00a0<\/p><\/td> | \n10<\/p><\/td> | \n\u00a0<\/p><\/td> | \n10<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0%<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nNet income (loss) attributable to common shareholders<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n20<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n14<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n42<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n48<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(3)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n<\/table> \n\n\nWeighted average shares outstanding<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nBasic<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n87.2<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n87.1<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n87.0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n87.0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n87.0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0%<\/p><\/td><\/tr>\n | \n\nDiluted<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n87.2<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n87.1<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n87.0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n87.0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n87.0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0%<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nEarnings per share (EPS)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nBasic EPS<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n0.23<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n0.16<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n0.48<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n0.55<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n(0.04)<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n\nDiluted EPS<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n0.23<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n0.16<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n0.48<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n0.55<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n(0.04)<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nDividends declared per common share<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n0.40<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n0.40<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n0.40<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n0.40<\/p><\/td> | \n\u00a0<\/p><\/td> | \n$<\/p><\/td> | \n0.40<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0%<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n\nMay not sum due to rounding<\/p><\/td><\/tr>\n | \n\n<\/tr>\n<\/table>\n\n\nCredit Sensitive Strategies Segment Profitability and Key Metrics<\/b><\/p> \n($ in millions)<\/i><\/p><\/td><\/tr>\n\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n\nCredit Sensitive Strategies Segment Contribution to Pretax Income<\/b><\/p><\/td><\/tr>\n\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2Q26<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n1Q26<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n4Q25<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n3Q25<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n2Q25<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nY\/Y<\/b><\/p><\/td><\/tr>\n\n\nMortgage-backed securities<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(0)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n\nLoans at fair value<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2<\/p><\/td> | \n\u00a0<\/p><\/td> | \n9<\/p><\/td> | \n\u00a0<\/p><\/td> | \n5<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1)<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n\nCRT investments<\/p><\/td> | \n\u00a0<\/p><\/td> | \n10<\/p><\/td> | \n\u00a0<\/p><\/td> | \n14<\/p><\/td> | \n\u00a0<\/p><\/td> | \n16<\/p><\/td> | \n\u00a0<\/p><\/td> | \n14<\/p><\/td> | \n\u00a0<\/p><\/td> | \n20<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(52)%<\/p><\/td><\/tr>\n | \n\nNet gains on investments and financings<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n10<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n16<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n25<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n18<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n20<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(50)%<\/b><\/p><\/td><\/tr>\n\n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nInterest income<\/p><\/td> | \n\u00a0<\/p><\/td> | \n22<\/p><\/td> | \n\u00a0<\/p><\/td> | \n19<\/p><\/td> | \n\u00a0<\/p><\/td> | \n18<\/p><\/td> | \n\u00a0<\/p><\/td> | \n21<\/p><\/td> | \n\u00a0<\/p><\/td> | \n21<\/p><\/td> | \n\u00a0<\/p><\/td> | \n3%<\/p><\/td><\/tr>\n | \n\nInterest expense<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(20)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(19)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(19)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(20)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(19)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n7%<\/p><\/td><\/tr>\n | \n\nNet interest income (expense)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n1<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n1<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(1)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n1<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n2<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(32)%<\/b><\/p><\/td><\/tr>\n\n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nNet investment income<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n11<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n17<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n24<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n19<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n22<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(48)%<\/b><\/p><\/td><\/tr>\n\n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nLoan servicing expenses<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n\nLoan collection and liquidation<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n\nOther expenses<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n\nTotal expenses<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/b><\/p><\/td><\/tr>\n\n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nPretax income (loss)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n11<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n16<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n24<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n19<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n22<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(48)%<\/b><\/p><\/td><\/tr>\n\n\nWeighted average equity allocated<\/p><\/td> | \n\u00a0<\/p><\/td> | \n411<\/p><\/td> | \n\u00a0<\/p><\/td> | \n390<\/p><\/td> | \n\u00a0<\/p><\/td> | \n354<\/p><\/td> | \n\u00a0<\/p><\/td> | \n430<\/p><\/td> | \n\u00a0<\/p><\/td> | \n450<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(9)%<\/p><\/td><\/tr>\n | \n\nAnnualized ROE<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n11%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n17%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n27%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n17%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n19%<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n(8)%<\/b><\/p><\/td><\/tr>\n\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n\nMay not sum due to rounding<\/p><\/td><\/tr>\n | \n\n<\/tr>\n<\/table>\n\n\nCredit Sensitive Strategies Segment Key Metrics<\/b><\/p><\/td><\/tr>\n\n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2Q26<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n1Q26<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n4Q25<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n3Q25<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n2Q25<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \nY\/Y<\/b><\/p><\/td><\/tr>\n\n\nOrganically-created CRT investments<\/b><\/p> \n(at period end)<\/b><\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nFair value<\/p><\/td> | \n\u00a0<\/p><\/td> | \n938<\/p><\/td> | \n\u00a0<\/p><\/td> | \n962<\/p><\/td> | \n\u00a0<\/p><\/td> | \n998<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,019<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,049<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(11)%<\/p><\/td><\/tr>\n | \n\nUnderlying UPB<\/p><\/td> | \n\u00a0<\/p><\/td> | \n18,090<\/p><\/td> | \n\u00a0<\/p><\/td> | \n18,716<\/p><\/td> | \n\u00a0<\/p><\/td> | \n19,518<\/p><\/td> | \n\u00a0<\/p><\/td> | \n19,937<\/p><\/td> | \n\u00a0<\/p><\/td> | \n20,356<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(11)%<\/p><\/td><\/tr>\n | \n\n60+ day delinquency rate<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1.2%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1.4%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1.5%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1.5%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1.3%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n(0.0)%<\/p><\/td><\/tr>\n | \n\nWeighted average current LTV<\/p><\/td> | \n\u00a0<\/p><\/td> | \n45.4%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n46.4%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n46.2%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n46.0%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n43.4%<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2.0%<\/p><\/td><\/tr>\n | \n\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nPrivate Label Securitization Activity(1)<\/sup><\/b><\/p><\/td>\n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n\u00a0<\/p><\/td><\/tr>\n | \n\nFair value of subordinate MBS held in VIE from PMT private label securitizations (at period end)<\/p><\/td> | \n\u00a0<\/p><\/td> | \n853<\/p><\/td> | \n\u00a0<\/p><\/td> | \n735<\/p><\/td> | \n\u00a0<\/p><\/td> | \n546<\/p><\/td> | \n\u00a0<\/p><\/td> | \n361<\/p><\/td> | \n\u00a0<\/p><\/td> | \n274<\/p><\/td> | \n\u00a0<\/p><\/td> | \n211%<\/p><\/td><\/tr>\n | \n\nSecuritizations completed<\/p><\/td> | \n\u00a0<\/p><\/td> | \n6<\/p><\/td> | \n\u00a0<\/p><\/td> | \n8<\/p><\/td> | \n\u00a0<\/p><\/td> | \n8<\/p><\/td> | \n\u00a0<\/p><\/td> | \n4<\/p><\/td> | \n\u00a0<\/p><\/td> | \n4<\/p><\/td> | \n\u00a0<\/p><\/td> | \n50%<\/p><\/td><\/tr>\n | \n\nUPB of securitizations completed<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,182<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,838<\/p><\/td> | \n\u00a0<\/p><\/td> | \n2,796<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,472<\/p><\/td> | \n\u00a0<\/p><\/td> | \n1,385<\/p><\/td> | \n\u00a0<\/p><\/td> | \n58%<\/p><\/td><\/tr>\n | \n\nRetained credit sensitive investments<\/p><\/td> | \n\u00a0<\/p><\/td> | \n120<\/p><\/td> | \n\u00a0<\/p><\/td> | \n189<\/p><\/td> | \n\u00a0<\/p><\/td> | \n184<\/p><\/td> | \n\u00a0<\/p><\/td> | \n84<\/p><\/td> | \n\u00a0<\/p><\/td> | \n87<\/p><\/td> | \n\u00a0<\/p><\/td> | \n38%<\/p><\/td><\/tr>\n | \n\nRetained interest rate sensitive investments<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n12<\/p><\/td> | \n\u00a0<\/p><\/td> | \n0<\/p><\/td> | \n\u00a0<\/p><\/td> | \n50<\/p><\/td> | \n\u00a0<\/p><\/td> | \n66<\/p><\/td> | \n\u00a0<\/p><\/td> | \nN\/M<\/p><\/td><\/tr>\n | \n| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \u00a0<\/td>\n<\/tr>\n | \n\nMay not sum due to rounding<\/p><\/td><\/tr>\n | \n\n(1) Although private label securitization activity is shown as part of the Credit Sensitive Strategies here, certain investments from PMT private label securitizations such as retained senior and mezzanine bonds or MSRs held in VIEs are part of the Interest Rate Sensitive Strategies<\/p><\/td><\/tr>\n | \n| \n<\/tr>\n<\/table> Contacts<\/b> \nMedia<\/b>Kristyn Clark\nmediarelations@pennymac.com<\/a>805.395.9943\n\nInvestors<\/b>Isaac Garden\ninvestorrelations@pennymac.com<\/a>818.224.7028<\/p> Read full story here <\/a>","protected":false},"excerpt":{"rendered":"WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–PennyMac Mortgage Investment Trust (NYSE: PMT) today reported net income attributable to common shareholders of $20 million, or $0.23 per common share on net investment income of $73 million for the second qua…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-47664","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/47664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47664"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/47664\/revisions"}],"predecessor-version":[{"id":47665,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/47664\/revisions\/47665"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} 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