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 Aug 09, 2012 12:00pm

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Post# 20198700

RE: RE: More agreement on the current sitch

agree Shammy, for a few very low cost producers we "might" see some drilling at $4-5, however from what I have read $5-6 U.S. seems to be the starting point for the vast majority, and prices will have to stay there for a while before and serious drilling begins IMO.

MK

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