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Investments / The Ticker

PennyMac may de-REIT

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Rumors have been floating around the market that PennyMac, a fast growing correspondent lender and investor in Mortgage Servicing Rights, might “de-REIT” itself.

But a spokesman gave us this guidance, based on comments made during a past earnings conference call: “The REIT structure is optimal for capital generation and pass-through of investment income to shareholders.” PennyMac will release 4Q earnings in February… 

 

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