PennyMac Mortgage Investment Trust reports net loss

You are here: Home > Banking & Finance > Tri-County Public Companies > Earnings > Current Article

PennyMac Mortgage Investment Trust reports net loss

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

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…

This article is only available to Business Times subscribers

Subscribers: LOG IN or REGISTER for complete digital access.
Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
Check the STATUS of your Subscription Account.