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PennyMac Mortgage Offers A 10% Dividend Yield, And That's Not The Best Part

Executive summary:

    This mREIT pays a 10% dividend yield and is the nation's largest non-bank lender.Misunderstood interest rate risk and business structure has kept the stock below fair value.Its unique strategy should help the company excel in a rising rate environment.A few big name hedge funds are buying up the stock and fair value is aro...
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