PennyMac Mortgage Investment Trust Hedging Gains And Losses On Mortgage Servicing Asset Net decreased by 73.6% to $11.88M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 70.3%, from $39.94M to $11.88M. This decline may warrant attention — for this metric, higher values are generally preferred.
Gains indicate effective risk mitigation or favorable market movements, while losses suggest hedging costs or ineffective protection.
This represents the net gains or losses from derivative instruments used to hedge the value of mortgage servicing rights...
Common among mortgage servicers; peers report this as part of their overall risk management strategy.
operating_hedging_gains_and_losses_on_mortgage_servicing_899844| Q3 '21 | Q1 '22 | Q2 '22 | Q4 '22 | Q1 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $73.84M | $163.80M | $78.12M | $117.23M | $54.89M | $50.69M | $11.19M | $89.81M | $18.37M | $67.22M | $51.21M | $39.94M | $60.64M | $27.36M | $44.99M | $11.88M |
| QoQ Change | — | +121.8% | -52.3% | +50.1% | -53.2% | -7.7% | -77.9% | +702.6% | -79.6% | +266.0% | -23.8% | -22.0% | +51.8% | -54.9% | +64.4% | -73.6% |
| YoY Change | — | — | — | — | -66.5% | — | -90.5% | +63.6% | — | +32.6% | +357.6% | -55.5% | +230.2% | -59.3% | -12.1% | -70.3% |