PennyMac earnings jump 126% as distressed investments pay off
By admin on Aug 4, 2011 in Topics
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 [...]
HousingWire
