PennyMac Mortgage Investment Trust reported second quarter 2026 financial results on July 29, 2026. The company generated net income attributable to common shareholders of $20 million, or $0.23 per diluted share, compared to a loss in the prior year period. Net investment income was $73 million, down 11% from the first quarter but up 4% year-over-year. Book value per share declined 1% to $14.83 at June 30, 2026. The company closed six securitizations totaling $2.2 billion in unpaid principal balance, generating $120 million of net new investments in non-Agency subordinate bonds. Management announced a strategic shift to reduce exposure to mortgage servicing rights by agreeing to sell $13 billion in UPB and stopping Agency-eligible loan acquisitions in the correspondent channel. The company declared a quarterly dividend of $0.40 per common share, consistent with previous quarters. PennyMac Mortgage Investment Trust is a mortgage real estate investment trust that invests primarily in residential mortgage loans and mortgage-related assets.