Discontinued — last reported Q4 '25
Correspondent Production — Operating Expenses
PennyMac Mortgage Investment Trust Correspondent Production — Operating Expenses increased by 27.6% to $17.43M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 60.5%, from $10.86M to $17.43M. Over 4 years (FY 2021 to FY 2025), Correspondent Production — Operating Expenses shows a downward trend with a -28.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase may indicate rising operational complexity or inefficiency, while a decrease suggests improved cost management or reduced production volume.
Detailed definition
Represents the total costs incurred to operate the correspondent mortgage production segment, including administrative,...
Peer comparison
Similar to non-interest expenses in mortgage banking segments at peer financial institutions.
pmt_segment_correspondent_production_operating_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $63.17M | $51.59M | $25.75M | $21.97M | $23.82M | $21.20M | $16.54M | $14.33M | $6.45M | $6.34M | $5.84M | $4.54M | $5.03M | $13.08M | $10.86M | $11.10M | $13.13M | $13.66M | $17.43M |
| QoQ Change | — | -18.3% | -50.1% | -14.7% | +8.4% | -11.0% | -22.0% | -13.3% | -55.0% | -1.7% | -8.0% | -22.1% | +10.6% | +160.2% | -17.0% | +2.2% | +18.3% | +4.0% | +27.6% |
| YoY Change | — | — | — | — | -62.3% | -58.9% | -35.8% | -34.8% | -72.9% | -70.1% | -64.7% | -68.3% | -22.0% | +106.3% | +86.2% | +144.2% | +161.3% | +4.4% | +60.5% |
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Frequently Asked Questions
- What is PennyMac Mortgage Investment Trust's correspondent production — operating expenses?
- PennyMac Mortgage Investment Trust (PMT) reported correspondent production — operating expenses of $17.43M in Q4 2025.
- How has PennyMac Mortgage Investment Trust's correspondent production — operating expenses changed year-over-year?
- PennyMac Mortgage Investment Trust's correspondent production — operating expenses increased by 60.5% year-over-year, from $10.86M to $17.43M.
- What is the long-term trend for PennyMac Mortgage Investment Trust's correspondent production — operating expenses?
- Over 4 years (2021 to 2025), PennyMac Mortgage Investment Trust's correspondent production — operating expenses has grown at a -28.5% compound annual growth rate (CAGR), from $211.99M to $55.33M.
- What does correspondent production — operating expenses mean?
- The total costs required to run the correspondent mortgage production business segment.