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PennyMac Mortgage Investment Trust reports net loss

By   /   Thursday, May 7th, 2020  /   Comments Off on PennyMac Mortgage Investment Trust reports net loss

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Westlake Village-based PennyMac Mortgage Investment Trust reported a net loss of $600.9 million, or almost $6 per share, for the first quarter of 2020. In the financial report released May 7, the company attributed the losses to non-cash fair value losses on government-sponsored enterprise credit risk transfer investments related to COVID-19. The investment activity had…

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