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The gains were lower relative to the more liquid tranches of comparable CAS and STACR securities.

PennyMac Mortgage Investment Trust has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Thursday, October 29th, 2020 based off prior year's report dates.Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. And as a result of its capital structure, risk management disciplines and significant technology and infrastructure investments made by PFSI in recent years, PMT was able to successfully capitalize on the market opportunity and continue to acquire, fund, and settle loans throughout the crisis. Further, the credit enhancement on PMT's subordinate tranche may differ from the credit enhancement on the subordinate tranche of a similar Fannie Mae CAS transaction as shown in the example. If you register for an account, you will get two additional story views. 112228. Every Monday, Wednesday and Friday mornings, the Daily Journal will send you links to our best local sports stories.If you have an event you'd like to list on the site, submit it now!We are proud to be the Peninsula's home page providing the best in local news coverage to the community. I'm excited to announce that as of July 31st, approximately 80% of PMT's correspondent sellers are now on P3, the new correspondent lending portal introduced by PennyMac Financial, our manager and service provider during the second quarter. Colorado office: 700 17th St, Suite 200, Denver, CO 80202, (866) 436-4766. For the second-quarter 2020, PMT reported net income attributable to common shareholders of $458.4 million or $4.51 per common share. Fannie Mae and Freddie Mac require a servicer to advance principal and interest payments for delinquent loans for only four months. PMT's activities in the second quarter reflected a net income attributable to common shareholders of $458.4 million or an annualized return on common equity of 103% net of all expenses. PennyMac Mortgage: 2Q Earnings Snapshot Aug 7, 2020 32 min ago; 0; Subscribe for $3 for 3 months. That concludes my presentation and I'd now like to turn the discussion over to Vandy Fartaj, PMT's chief investment officer, who will review our mortgage investment activities.Thank you, David. Please purchase an Enhanced Subscription to continue reading.Access to all our award winning content (does not include e-edition)The good feeling of supporting real, local news in your community Correspondent acquisitions by PMT in the second quarter totaled $29.9 billion in UPB, up slightly from the prior quarter, and up 40% year over year, 63% of our acquisitions were conventional loans and 37% were government loans. $60.00 This led to record profitability in the correspondent production segment.Additionally, PMT's CRT investments recorded substantial fair value gains as they benefited from the significant recovery in the value of risk assets and elevated prepayments throughout the quarter.

This is lower than prior projections as conventional margins have returned to normalized levels faster than originally anticipated. PMT avoids any actual losses and expects to recognize fair value gains on its CRT investments when the underlying loans pay off. North Carolina Permit No. Since principal is received at par or for CRT 6, the commitment amount is reduced.

Email Alert. Gain on sale margins remain elevated, more specifically, in the direct lending channels driven by capacity constraints.While corresponding gain on sale margins have decreased from record levels seen early in the quarter as other market participants have returned. Investing Basics PennyMac Mortgage: 2Q Earnings Snapshot.

Mark -- I apologize for the oversight. Title.

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Now let's turn to Slide 14 to discuss the performance from the interest rate sensitive strategies segment in the second quarter.PMT seeks to manage interest rate exposure on a global basis, recognizing interest rate sensitivities across its investment strategies. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.Identify stocks that meet your criteria using seven unique stock screeners. Earnings PennyMac Mortgage Investment Trust (NYSE:PMT) Earnings Information. In total, credit-sensitive strategies contributed $458.8 million of pre-tax income or a 283% annualized return on equity for the quarter.Within the segment, CRT investments contributed pre-tax income of $457.4 million, which I will expand upon later. Higher-margin best efforts commitments increased to 38% of lock volume in the second quarter from 23% in the prior quarter, enabled by our strong capital position and our managers' expertise to efficiently hedge production pipelines across different market environments. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. On a pro forma basis, at June 30th, PMT's outstanding CRT investments totaled $3.1 billion, essentially unchanged from the prior quarter as fair value gains were offset by higher prepayments and a reduction in the expected face amount of firm commitment to purchase CRT securities.The 60-plus day delinquency rate was 7.3%, up sharply from 0.3% in the prior quarter as a result of hardships related to COVID-19. Now let's turn to Slide 11 to examine how gains on PMT's CRT investments differ from CAS and STACR securities.PMT's CRT investments recorded $453 million in fair value gains in the second quarter, representing a significant recovery of the fair value loss in the first quarter.