Mortgage companies could intensify the next recession, US officials warn [CNN]
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
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Source: CNN
The US Financial Stability Oversight Council, a SWAT team of financial regulators formed after the 2008 crisis, sounded the alarm on Friday about an increasingly influential corner of the industry that has largely escaped scrutiny: nonbank mortgage companies. Unlike traditional banks, nonbank mortgage companies like Rocket Mortgage are heavily exposed to swings in the mortgage market, depend on funding that can dry up during times of stress and don't have stable deposits to rely on as a safety net. And, unlike banks, these companies are lightly regulated at the national level. FSOC warned that these unique vulnerabilities risk a domino effect in a future crisis where multiple mortgage companies fail, borrowers are locked out of the mortgage market and the federal government is left holding the bag. “Put simply, the vulnerabilities of nonbank mortgage companies can amplify shocks in the mortgage market and undermine financial stability,” Treasury Secretary Janet Yellen, who chai
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News
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- PennyMac Mortgage Investment Trust Prices Private Placement of $200 Million of Exchangeable Senior NotesBusiness Wire
- PennyMac Mortgage Investment Trust Announces Proposed Private Placement of Exchangeable Senior NotesBusiness Wire
- Pennymac mortgage review 2024 [Yahoo! Finance]Yahoo! Finance
- PennyMac Mortgage Investment Trust Declares Second Quarter 2024 Dividends for Its Preferred SharesBusiness Wire
PMT
Earnings
- 4/24/24 - Beat
PMT
Sec Filings
- 5/24/24 - Form 8-K
- 5/21/24 - Form 8-K
- 5/2/24 - Form 10-Q
- PMT's page on the SEC website