PennyMac Mortgage Investment Trust emite US$ 75 milhões em notas intercambiáveis a 8,5% com vencimento em 2029
PennyMac Mortgage Investment Trust, através de sua subsidiária PennyMac Corp., emitiu US$ 75 milhões adicionais em Notas Sênior Intercambiáveis de 8,500% com vencimento em 2029. Esta é uma reabertura da mesma série de notas, elevando o valor principal total para US$ 366,5 milhões. Os rendimentos líquidos serão usados para pagar empréstimos e para fins corporativos gerais, com as notas vencendo em 1º de junho de 2029 e pagando juros semestralmente.
Operating cash flow per share of PennyMac Mortgage Investment Trust – BX:8PM - TradingView
This article presents the annual and quarterly operating cash flow per share data for PennyMac Mortgage Investment Trust (BX:8PM). It displays historical figures from 2010 to 2024 for annual data and Q4 2017 to Q2 2025 for quarterly data, including values, changes, and percentage changes. The data highlights fluctuations and significant shifts in the company's operating cash flow per share over time.
Hedging losses cut into Pennymac unit's profit
Pennymac's financial services unit reported net income of approximately $104 million, falling short of consensus estimates due to significant one-time negative fair value changes, primarily from hedging losses. Despite solid contributions from production and an increase in its servicing portfolio, hedging losses of $608 million outpaced MSR fair value gains. The company also addressed plans for upcoming unsecured debt and discussed its preparedness for potential GSE reform and its REIT unit's performance.
CrossCountry, FHFA, Optimal Blue boost leadership teams
Several major players in the mortgage and financial services industry, including CrossCountry Mortgage, FHFA, Optimal Blue, Fannie Mae, and Redwood Trust, have announced significant additions and promotions to their leadership teams. These strategic hires and advancements aim to bolster capital markets expertise, enhance regulatory oversight, drive product innovation, expand technology capabilities, and strengthen financial guidance across the respective organizations. The personnel changes reflect a focus on growth, risk management, and adapting to evolving market demands in the real estate and financial sectors.
PennyMac Mortgage Investment Trust: Series C Preferred Shares Offer 8.2% Dividend Yield
PennyMac Mortgage Investment Trust's Series C preferred shares are recommended due to their 8.2% dividend yield, discount, and income potential, despite interest rate volatility. The company's net income sufficiently covers preferred dividends, supported by improved net interest income from higher-rate mortgage investments and cash-flow positive mortgage servicing. Although risks like increased leverage exist, Series C preferred shares are presented as a more attractive option compared to common shares or baby bonds.
William Chang steps down as Pennymac’s capital markets leader
William Chang is stepping down from his roles as chief capital markets officer at PennyMac Financial Services and chief investment officer for PennyMac Mortgage Investment Trust, effective October 11. Mark Elbaum, who joined Pennymac in April 2023, will replace Chang on an interim basis. This transition comes amidst Pennymac's strong financial performance, including a significant profit increase in Q2 2024.
Pennymac Joins Rocket in Boosting Conforming Loan Limit To $802,650
Pennymac has announced it will raise its conforming loan limits for single-family properties to $802,650, following Rocket Mortgage's lead. This move, ahead of the official announcement by the FHFA, aims to help homebuyers avoid more costly jumbo loans. Other lenders are expected to follow suit, as this has become a trend in recent years to accommodate rising home prices.
Fire victims say mortgage companies are making the process of rebuilding a difficult one
Fire victims of the Almeda Fire, Angela Vermillion and Jillian Roberts, share the unexpected difficulties they face with mortgage companies, PennyMac and Freedom Mortgage, in releasing insurance funds for rebuilding their homes. They both experienced significant delays and a lack of clear communication regarding the release of funds, despite their insurance companies quickly providing the money. The victims also highlight the rising costs of construction materials, making the delays even more impactful.
MFA Financial Inc. stock falls Tuesday, underperforms market
MFA Financial Inc. (MFA) stock dropped 0.93% on Tuesday, closing at $4.26, despite a mixed trading session for the broader market. This decline broke a seven-day winning streak for MFA. The stock performed below its 52-week high and showed mixed results compared to competitors like PennyMac Mortgage Investment Trust (PMT), Invesco Mortgage Capital Inc. (IVR), and New York Mortgage Trust Inc. (NYMT).
Industry mourns death of PennyMac’s Stanford Kurland
Stanford Kurland, the founder and Non-Executive Chairman of PennyMac Mortgage Investment Trust, has died at age 68 due to complications from COVID-19 and a battle with brain cancer. Industry leaders and colleagues are mourning his passing, remembering him as a visionary who built two influential companies in the mortgage industry. Kurland had a storied career spanning over four decades, including 27 years at Countrywide Financial Corp. and founding PennyMac in 2008.
Obituary: PennyMac founder Stanford Kurland
Stanford Kurland, founder of PennyMac Financial Services, passed away at age 68 from complications related to COVID-19 and brain cancer. Kurland had a significant impact on the mortgage industry, previously serving in key roles at Countrywide Financial before founding PennyMac, which grew to become a major player in residential mortgage lending and servicing.
Stanford Kurland, PennyMac and Countrywide Executive, Dies at 68
Stanford Kurland, the founder of PennyMac Mortgage Investment Trust and a former executive at Countrywide Financial Corp., has died at 68. His death was due to complications related to Covid-19 while he was battling brain cancer. Kurland founded PennyMac in 2008 and previously served as its chief executive officer and executive chairman.
Watt Road Property Off the Health Department Hook
Free Spirit Farm on Watt Road in Russell Township, owned by Kris Ropp, has largely met the requirements set by the Geauga County Health District, except for pending heavy metal testing. The property had faced allegations of illegal dumping and filling a pond with tires, which were unsubstantiated after an inspection. Ropp has two years to utilize classified clean fill and will avoid fines if heavy metal testing proves acceptable.
