# PennyMac Mortgage Investment Trust (PMT) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from PennyMac Mortgage Investment Trust's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/PMT/mda/fy2025/): filed 2026-02-18; accession 0001193125-26-057041 (https://www.sec.gov/Archives/edgar/data/1464423/000119312526057041/pmt-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/PMT/mda/fy2024/): filed 2025-02-20; accession 0000950170-25-024124 (https://www.sec.gov/Archives/edgar/data/1464423/000095017025024124/pmt-20241231.htm)
- [FY 2023 MD&A](/company/PMT/mda/fy2023/): filed 2024-02-22; accession 0000950170-24-018760 (https://www.sec.gov/Archives/edgar/data/1464423/000095017024018760/pmt-20231231.htm)
- [FY 2022 MD&A](/company/PMT/mda/fy2022/): filed 2023-02-24; accession 0001564590-23-002430 (https://www.sec.gov/Archives/edgar/data/1464423/000156459023002430/pmt-10k_20221231.htm)
- [FY 2021 MD&A](/company/PMT/mda/fy2021/): filed 2022-02-25; accession 0001564590-22-007180 (https://www.sec.gov/Archives/edgar/data/1464423/000156459022007180/pmt-10k_20211231.htm)

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