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Volume 2009 - Number 24

November 23, 2009

PennyMac Waiting for Non-Agency Price Drop

Investors in distressed mortgages are currently over-valuing the collateral, according to executives at PennyMac Mortgage Investment Trust. “While some market participants have been willing to accept lower yields and bid more aggressively, we still believe that it is in the best interest of our shareholders over the long term to remain patient in... [Includes one graph]

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