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Stock impact report

Banks Won’t Rush Back To Mortgages Under Revised Basel III [Forbes]

PennyMac Mortgage Investment Trust Common Shares of Beneficial Interest (PMT) 
Last pennymac mortgage investment trust common shares of beneficial interest earnings: 2/6 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.pennymacfinancial.com
Company Research Source: Forbes
Notices of Proposed Rulemaking to revise bank capital requirements. A stated rationale was clear: lighter capital rules would coax banks back into the mortgage market, helping more Americans buy homes. It is a compelling story. It is also, according to an overwhelming and bipartisan chorus of academics, ratings agencies, bank analysts, and even the mortgage industry's own trade group, almost certainly wrong. And I said this at the House Committee on Financial Services hearing “ Prioritizing Main Street: Evaluating the Impact of Capital Proposals on Economic Growth and American Communities .” I also detailed my analysis in my written testimony The Mortgage Argument, Examined The most frequently cited consumer benefit of the NPRs is a revival of bank mortgage lending. The argument goes: lower capital requirements reduce the cost banks incur when originating and holding mortgages, making the business more attractive and the loans cheaper. There is a kernel of truth buried in this log Show less Read more
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