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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

Post by CravenRaven101on Jun 20, 2012 10:00am
162 Views
Post# 20033794

the little guy

the little guy

Recent article (today) in the Calgary Herald seems to infer that the Junior Sector is entering a cycle where some managment teams are tired of "just getting by" regardless of production numbers, regardless of how "bright" they paint their asset landscapes... Gas is down.. oil and liquids are dipping to 18 month lows... drilling in new plays is not economical due to the high price of these technically complicated wells..and investment captial is evaporating turning equity grapes into raisins rather than wine... asset sales are sitting on the shelf longer and longer...foreign money is interested...they are just not interested in a struggling junior...anyway... it is an interesting article.. if you are invested in the junior sector... I guess the message is... sit back... ignore the boards...ignore the market ...and wait it out...and maybe the money you plunked down over the past 5 years will bllom in another 5...

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