PennyMac Mortgage Investment Trust T.PMT

Primary Symbol: PMT Alternate Symbol(s): PMT.PR.A | PMT.PR.B | PMT.PR.C | PMTU

Real Estate

PennyMac Mortgage Investment Trust is a specialty finance company. The Company invests primarily in mortgage-related assets. The Company conducts all its operations, and makes investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. The Company's segments include credit sensitive strategies, interest rate sensitive strategies, correspondent production, and corporate. The credit sensitive strategies segment represents its investments in credit risk transfer (CRT) arrangements, subordinate mortgage-backed securities (MBS), distressed loans, and real estate. The interest rate sensitive strategies segment represents its investments in MSRs, excess servicing spread (ESS) purchased from PFSI, Agency and senior non-Agency MBS and the related interest rate hedging activities. The Correspondent Production segment serves as an intermediary between lenders and the capital markets by purchasing, pooling and reselling credit quality loans.

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PennyMac Mortgage Investment Trust

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Comment by MetalsKingon Jan 28, 2011 11:07am

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Post# 18040353

RE: where is NG really going?

I agree with all you said, the TIME FACTOR is the key, IMO it's going to likely be a long upward grind for 6-18 months most likely, if there is a surprise I think it will be we'll get a big rally somewhere within that time frame. I like the PMT investment because I think it's at it's low end if it's long term price range and I get 9% while I wait, and if there is a surprise big move up in nat gas along the way I think PMT has excellent leverage to the price of Nat gas. My 2 cents

MK

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