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PennyMac (PMT +1.3%) continues to tack on gains after securing a $100M repo line from Barclays....

PennyMac (PMT +1.3%) continues to tack on gains after securing a $100M repo line from Barclays. Founded in 2008 by ex-Countrywide officers, the company is an aggressive buyer of mortgages, including jumbo loans - though it has not yet securitized and sold any of these.
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  • PS My apologies for my typo-riddled entry of earlier today. My cleaned up version was too late to replace it.
    Suffice it to say, I believe both PMT and RWT are waves forming to a crest, that the standard mREITS such as NLY are waves receding.
    30 Jul 2012, 06:32 PM Reply Like
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