PennyMac Mortgage Investment Trust: C Series Preferred Offers 8.8% Yield

Introduction PennyMac Financial Results By examining the balance sheet, investors can see that PennyMac made some strategic shifts in the first quarter. The company is divesting itself from the total number of loans it holds, while maintaining its mortgage servicing position. The company reduced its mortgage-backed security position by $900 million. Of those proceeds, $500 million went to reducing the company's repurchase agreement liabilities, $250 million was invested in loans now held for sale, and after ...