PennyMac Mortgage Investment Trust T.PMT

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

Real Estate REIT - Diversified

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 CravenRaven101on Dec 01, 2011 10:24am

178 Views

Post# 19282734

HEDGING

it would be my guess that in order to secure their ongoing credit (at $20mm less than 2011). The banks "urged" the hedge in order to create a consistent income profile. IT would also create a "snapshot" effect for any potential tire kickers. Anyway... with all things gas.. PMT shall soon pass... LOL

GLTA that are still hangin' in

as always it's My opinion git yer own.

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