PennyMac Mortgage Investment Trust
For the period ended Oct 26, 2026. Filed Oct 29, 2026.
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Oct 26, 2026 · Filed Oct 29, 2026
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Contents
EX-99.1 · Aggregation and Securitization Segment
Aggregation and Securitization Segment
The table below highlights the financial performance in the aggregation and securitization segment:
| ($ in millions) | 3Q26 | 2Q26 | 3Q25 | Q/Q | Y/Y |
|---|---|---|---|---|---|
| Correspondent production volume (UPB) | |||||
| Conventional conforming | 52 | 1,371 | 2,786 | (96)% | (98)% |
| Jumbo | 747 | 918 | 557 | (19)% | 34% |
| Non-QM | 400 | 276 | 0 | 45% | N/M |
| Total | 1,199 | 2,565 | 3,343 | (53)% | (64)% |
| UPB of loans acquired from PFSI production | 2,078 | 2,224 | 1,296 | (7)% | 60% |
| Total UPB of loans acquired | 3,276 | 4,789 | 4,639 | (32)% | (29)% |
| Profitability | |||||
| Total income contribution | 2 | 11 | 9 | (81)% | (77)% |
| Weighted average equity allocated | 178 | 215 | 176 | (17)% | 2% |
| Annualized ROE | 5% | 21% | 21% | (16)% | (16)% |
PMT purchased a total of $1.2 billion in UPB of conventional conforming and nonconforming loans through its purchase agreement that PFSI acquired from correspondent sellers, down 53% from the prior quarter. PMT also acquired $2.1 billion in UPB of loans from PFSI’s production for inclusion in private label securitizations, down slightly from $2.2 billion in the prior quarter.
Pretax income for the segment was $2 million in the third quarter, down from $11 million in the prior quarter.
Segment revenues were $16 million and included net gains on loans acquired for sale of $5 million, net interest income of $10 million, and other income of $1 million. Net gains on loans acquired for sale declined from the prior quarter primarily due to the impact of spread widening on jumbo andnon-QM loans during aggregation for securitization and lower volumes. Interest income was $47 million, up from $43 million in the prior quarter, and interest expense was $37 million, also up from the prior quarter.
Segment expenses were $14 million, down from $17 million in the prior quarter.
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