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PennyMac Mortgage Investment Trust (PMT) CEO David Spector on Q2 2019 Results – Earnings Call Transcript – PMT reported net income attributable to common shareholders of $38 million, or $0.50 per share. we expect the ongoing impact of distressed loans and real estate owned to diminish significantly.
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California wildfire insurance is in crisis. And the real estate market is suffering – Home buyers give up on purchases, or their lenders scuttle the deal because the borrowers no longer qualify for their loan. There are no official estimates on how the insurance crisis is killing real.
PennyMac Mortgage Investment Trust (PMT) Q2 2019 Earnings Call Transcript – PMT reported net income attributable to common shareholders of $38 million or $0.50 per share compared to $47.3 million. And lastly, we expect the ongoing impact of distressed loans and real estate.
Pending home sales beat expectations, breaking 17-month losing streak, thanks to lower mortgage rates – "When you combine that with the incredibly low mortgage rates, it is not surprising to now see. "Homeowners’ equity in real estate has doubled over the past six years to now nearly $16 trillion..