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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 shambano1on Apr 28, 2016 11:35am
64 Views
Post# 24820453

and long term debt is slowly disappearing

and long term debt is slowly disappearing in front of our very eyes.

it appears they will get more swaps in the next couple of weeks and this will go a long way to strengthen their balance sheet.

this debt retirement will reduce cash costs by a large number maybe over 15 million per yeatr and along with lowering operating costs it will greatly improve netbacks even in a low price environment.

now with oil going up and heavy oil production going up slowly with more water injecitons, this will help stabalize revenues even as NG prices are stuck at 2.00/mcf in USA.

I for one are looking forward to reading about LEAD pilot in q1 report.

be warmed I may be buying and I may be selling PMT if I see a good trade opportunity.

but DYODD
Bullboard Posts