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

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Comment by greenhawkon Oct 07, 2014 10:52am

181 Views

Post# 23005815

RE:someone is panicking dumping shares

It seems everyone is panicking on the entire sector. PMT held up well for the longest time but had to join its peers sooner or latter. There is seemingly no end to this selloff and it does not seem to discriminate between oily or gassy stocks. Aeco is still very healthy as are Canadian oil prices so really it is overdone and most of these companies sold should actually have great quarters.
The biggest problem with PMT is its lack of liquidity. If someone really needs out because of margin calls there is not enough volume to absorb the sell. This has always been a puzzle with this stock. When it goes up they can trade in the millions and then they sink volume is back to a few thousands a day.