PennyMac Mortgage Investment Trust Reports First Quarter 2020 Results
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Pennymac Mortgage Trust (PMT) Posts $5.99/Sh Loss
May 7, 2020 5:24 PM EDTPennymac Mortgage Trust (NYSE: PMT) reported Q1 EPS of ($5.99), which may not compare to the analyst estimate of $0.23.
Driven by non-cash fair value losses on government-sponsored enterprise (GSE) credit risk transfer (CRT) investments related to the COVID-19 crisis, partially offset by outsized results in the interest rate sensitive strategies segment resulting from substantial gains on interest rate hedge instruments and record correspondent production results
PMTs financial results in the first quarter reflected the... More
