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PennyMac Mortgage Investment Trust T.PMT


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

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.


NYSE:PMT - Post by User

Comment by CravenRaven101on Aug 24, 2011 4:02pm
207 Views
Post# 18976166

RE: RE: insiders sure like PMT's bonds latelty

RE: RE: insiders sure like PMT's bonds lateltyI would guess that upon an acceptance to an offer to purchase that all those convertible notes WOULD convert...anyone know off hand what the conversion rate of the debs is? ... and Y'all DO know what they know... that current market value combined with asset base and debt load create a compelling "bolt on asset" for a reasonable cost.  Like I've been saying since last spring... PMT just might be non-existent by the 4th qtr ... do with that as you choose...

it's MY opinion git yer own
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