at Nasdaq.com (Jan 13, 2015)
More on Jefferies' coverage in the mortgage sector (previous); PennyMac Mortgage (PMT -0.5%) is initiated a Buy, analyst Daniel Furtado noting the company shouldn't be lumped in with mREITs (REM, MORT) as it's less a levered owner of MBS and more an issuer of the paper. "This key differentiating factor will lead to higher valuation and better investment returns over the long term."
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