Pennymac Mortgage Investment Trust · NYSE:PMT

Pennymac Mortgage Investment Trust — 2018 Barclays Global Financial Services Conference

12 slides from Pennymac Mortgage Investment Trust's conference presentation, Sep 12, 2018

  1. Slide 1: PennyMac Mortgage Investment Trust – Barclays Global Financial Services Conference

    PennyMac Mortgage Investment Trust September 13, 2018 Barclays Global Financial Services Conference Exhibit 99.1

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding management’s beliefs, estimates, projections and assumptions with respect to, among other things, the Company’s financial r

  3. Slide 3: PMT Is a Mortgage REIT with Unique Investment Strategies

    PMT Is a Mortgage REIT with Unique Investment Strategies 2018 Barclays Global Financial Services Conference Investment focus on U.S. residential mortgage loans and mortgage-related assets Capabilities to organically create attractive investments resulting from PMT’s loan production Portfolio transit

  4. Slide 4: Mortgage Market Environment

    Mortgage Market Environment 2018 Barclays Global Financial Services Conference Mortgage Origination Forecasts(3) ($ in trillions) 30-year fixed mortgage rates have averaged 4.44% thus far in 2018, the highest average rate since 2011 Resulting in a significant reduction in refinancing volumes Home sa

  5. Slide 5: Organically Driven Balance Sheet Supported by a Strong Capital Structure

    (1) As of June 30, 2018, except for credit risk transfer which is presented on a pro forma basis reflecting the settlement of the commitments to fund deposits securing CRT agreements related to our fourth CRT transaction and firm commitments to purchase CRT securities (2) ESS = Excess Servicing Spre

  6. Slide 6: Transitioned to Correspondent-Generated Investments in CRT and MSRs

    Transitioned to Correspondent-Generated Investments in CRT and MSRs 2018 Barclays Global Financial Services Conference 2Q 2016 100% = $1.36 billion 2Q 2018(3) 100% = $1.55 billion PMT’s Equity Allocation(1) (1) Management’s internal allocation of equity. Amounts as of quarter end. Percentages may no

  7. Slide 7: PMT Is a Leading Producer of Conventional Conforming Mortgages

    PMT Is a Leading Producer of Conventional Conforming Mortgages 2018 Barclays Global Financial Services Conference 7 PMT’s Conventional Correspondent Production ($ in billions) Top Correspondent Producers(1) For 1H18, we are the fifth largest producer of conventional conforming mortgages in the U.S.(

  8. Slide 8: Correspondent Production Unique Organic Capabilities Drive Investment Growth in MSRs and CRT

    Correspondent Production 2018 Barclays Global Financial Services Conference Unique Organic Capabilities Drive Investment Growth in MSRs and CRT 100% of conventional conforming production ~75% - 80% of conforming production eligible for CRT GSE Credit Risk Transfer Investments Generates attractive re

  9. Slide 9: GSE Credit Risk Transfer Investments Deliver Strong ROEs

    GSE Credit Risk Transfer Investments Deliver Strong ROEs 2018 Barclays Global Financial Services Conference Outstanding UPB of mortgage loans subject to CRT agreements totaled $33 billion at June 30, 2018 Began loan deliveries into a new REMIC CRT structure in 2Q18, which offers several significant

  10. Slide 10: Distressed Loan Portfolio Is Declining Through Liquidation and Sales

    Entered into an agreement to sell $99 million in UPB of performing loans from the distressed portfolio(1) (1) This transaction is subject to continuing due diligence and customary closing conditions. There can be no assurance regarding the size of the transaction or that the transaction will be comp

  11. Slide 11: Trends in PMT's Earnings per Common Share

    Trends in PMT’s Earnings per Common Share 2018 Barclays Global Financial Services Conference

  12. Slide 12: PMT's Strategies for Long-Term Growth

    2018 Barclays Global Financial Services Conference PMT’s Strategies for Long-Term Growth Business model focused on core strategies of organic investments in CRT and MSRs, with attractive returns and significant growth opportunities Balanced portfolio of interest rate and credit sensitive investments

PennyMac Mortgage Investment Trust — 2018 Barclays Global Financial Services Conference on 6ix