Pennymac Mortgage Investment Trust · NYSE:PMT
Pennymac Mortgage Investment Trust — Corporate Update (March 2020)
7 slides from Pennymac Mortgage Investment Trust's corporate update, Mar 16, 2020
Slide 1: Investor Update
PennyMac Mortgage Investment Trust March 16, 2020 Investor Update Exhibit 99.1
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
Slide 3: Recent Developments Quarter to Date
Recent Developments Quarter to Date Investor Update Financial markets have demonstrated significant volatility related to the spread of the novel coronavirus and potential economic slowdown in the near term (spending and work interruptions) and over the longer term (increased risk of recession) Inte
Slide 4: Recent Developments Quarter to Date (continued)
Recent Developments Quarter to Date (continued) Investor Update Going forward, PMT will curtail new investments in GSE CRT Continue to deliver loans under our sixth CRT transaction with Fannie Mae – expect to total $40 billion in UPB for 2020 In the last few months as we discussed a new CRT transact
Slide 5: Changes in the Market Environment and Impact on PMT's Liquidity
Changes in the Market Environment and Impact on PMT’s Liquidity Investor Update Item Impact on PMT’s Liquidity Fair value losses on CRT investments driven by credit spread widening No impact – investments are financed with term notes that do not contain mark-to-market provisions (i.e., no margin cal
Slide 6: Run-Rate Return Potential for Q2 2020 Onward from PMT's Investment Strategies
Investor Update Note: This slide presents estimates for illustrative purposes only, using PMT’s base case assumptions (e.g., for credit performance, prepayment speeds, financing economics) and does not contemplate significant changes or shocks to current market conditions. Actual results may differ
Slide 7: PFSI's Response to the Coronavirus Spread
PFSI’s Response to the Coronavirus Spread Investor Update Over 4,200 mortgage professionals are well-dispersed across the U.S. with the following major locations: Westlake Village, CA – two sites (Corporate HQ, loan fulfillment) Agoura Hills, CA (IT) Moorpark, CA (servicing) Pasadena, CA (production
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