PennyMac Mortgage Investment Trust (PMT) pays a whopping 10% dividend yield. This real estate investment trust (REIT) invests in residential mortgage loans and mortgage-related assets. PennyMac Mortgage Financial Services (PFSI) manages the PennyMac Mortgage Investment Trust. This was set up to serve as a tax-efficient way for investors to get exposure to the mortgage market. PFSI was founded back in 2008 by over a dozen Countrywide executives. Basically, these guys look to buy up "bad" mortgages on the cheap and modify them.
PennyMac claims to be a leader in the revitalization of the mortgage market, helping provide stability for borrowers in need of help. Part of this includes the fact that it's...
Only subscribers can access this article, which is part of the PRO research library covering 3,609 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: