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.

NYSE:PMT - Post by User

PennyMac Mortgage Investment Trust

Bullboard Posts

Post by SandHeadson Dec 05, 2013 12:18pm

198 Views

Post# 21974830

Pressure from tax loss selling to start?

I think we will see pressure from tax loss selling now. There are still people around that bought this stock above $7 and are possibly ready to throw in the towel. There was 60 million shares out then at a high of around $14 and about 160 million now, worth about a buck, plus huge lots of of two debentures and a large unsecured loan.. Not a pretty sight. This has to be all cleaned up before PMT moves higher imho..

Bullboard Posts

3 Mid-Sized Stocks to Consider This Season