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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

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.


NYSE:PMT - Post by User

PennyMac Mortgage Investment Trust
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Post by oldrancheron Sep 20, 2015 7:39pm
71 Views
Post# 24120448

what are they?

what are they?
I am not educated enough to know what these "unsecured notes" are.

"Senior" might mean they have priority to stake claim to assets incase of bankruptcy
over other secured notes?  Is that right? or wrong?

So it looks like Sue and the other guy can buy shares on the market at 86 cents or whatever the market price is that day, and get rid of "unsecured note" obligations ?  is that right or wrong?

Ancient, MM, Hugo, Specto, Shammy, whoever; please explain to oldrancher what is happening here.  Thanks.
Bullboard Posts
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