Mortgage
PennyMac Mortgage Investment Trust announced first-quarter 2026 net income of $14 million, or $0.16 per diluted common share, during its earnings call on May 5. The results reflect a 4% annualized return on common equity. Company executives highlighted impacts from lower servicing fees and MSR runoff, partially offset by gains in aggregation and securitization.
Reported by AI
Rate has introduced RateFi, a new mortgage product that allows qualified borrowers to use verified cryptocurrency holdings for income and asset qualification without selling them. The program operates within Rate's digital mortgage platform and adheres to standard compliance measures. It aims to provide a practical path to homeownership for digital asset holders.