Current Article

PennyMac earnings jump 126% as distressed investments pay off

PennyMac Mortgage Investment Trust (PMT: 16.50 +1.91%) today reported net income for the second quarter more than doubled from a year earlier as the valuation of its loan portfolio rose.
The REIT’s net income leaped to $ 30.2 million from $ 13.3 million in the three months ended June 30, 2010, for a gain of 126%. Net income [...] PennyMac earnings jump 126% as distressed investments pay off
HousingWire

Trackback URL

Post a Comment