Operating
Change In Fair Value Of Mortgage Servicing Rights
PennyMac Mortgage Investment Trust Change In Fair Value Of Mortgage Servicing Rights increased by 21.0% to -$61.30M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 57.6%, from -$144.59M to -$61.30M.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryRisk
SignalContext dependent
VolatilityVolatile
First reportedQ1 2018
Last reportedQ1 2026May 5, 2026
How to read this metric
An increase reflects positive valuation adjustments, often due to rising interest rates, while a decrease suggests valuation write-downs.
Detailed definition
This metric tracks the non-cash adjustment to the fair value of mortgage servicing rights (MSRs) held by the company. MS...
Peer comparison
Specific to mortgage servicers; peers report this as a major driver of non-cash earnings volatility.
Metric ID:
operating_change_in_fair_value_of_mortgage_servicing_rightsHistorical Data
17 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$299.50M | -$144.24M | -$171.73M | $303.72M | $133.78M | $66.97M | -$137.44M | -$88.00M | -$232.33M | -$28.20M | -$50.56M | -$184.92M | -$144.59M | -$75.13M | -$116.38M | -$77.61M | -$61.30M |
| QoQ Change | — | +51.8% | -19.1% | +276.9% | -56.0% | -49.9% | -305.2% | +36.0% | -164.0% | +87.9% | -79.3% | -265.8% | +21.8% | +48.0% | -54.9% | +33.3% | +21.0% |
| YoY Change | — | — | — | — | +144.7% | +146.4% | -145.3% | -165.8% | — | +79.5% | +42.5% | — | -412.7% | -48.6% | +37.1% | — | +57.6% |
Range-$299.50M – $303.72M
CAGR-32.7%
Avg YoY Growth-26.5%
Median YoY Growth+39.8%
Current Streak2 quarters growth
Change In Fair Value Of Mortgage Servicing Rights at Other Companies
Frequently Asked Questions
- What is PennyMac Mortgage Investment Trust's change in fair value of mortgage servicing rights?
- PennyMac Mortgage Investment Trust (PMT) reported change in fair value of mortgage servicing rights of -$61.30M in Q1 2026.
- How has PennyMac Mortgage Investment Trust's change in fair value of mortgage servicing rights changed year-over-year?
- PennyMac Mortgage Investment Trust's change in fair value of mortgage servicing rights increased by 57.6% year-over-year, from -$144.59M to -$61.30M.
- What does change in fair value of mortgage servicing rights mean?
- The change in the estimated market value of the rights to service mortgage loans.