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PennyMac Mortgage: Q1 Earnings Snapshot
May 6, 2021
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WESTLAKE VILLAGE, Calif. (AP) PennyMac Mortgage Investment Trust (PMT) on Thursday reported first-quarter net income of $71.6 million, after reporting a loss in the same period a year earlier.
The Westlake Village, California-based company said it had profit of 67 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.
The specialty finance company posted revenue of $201.4 million in the period.
PennyMac Mortgage shares have risen 12% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.68, more than doubling in the last 12 months.
PennyMac Mortgage: 4Q Earnings Snapshot
February 4, 2021 GMT
WESTLAKE VILLAGE, Calif. (AP) PennyMac Mortgage Investment Trust (PMT) on Thursday reported fourth-quarter net income of $76.6 million.
On a per-share basis, the Westlake Village, California-based company said it had profit of 78 cents.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The specialty finance company posted revenue of $196.5 million in the period.
For the year, the company reported profit of $52.4 million, or 27 cents per share. Revenue was reported as $469.4 million.
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PennyMac Mortgage shares have increased slightly more than 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.72, a decline of 20% in the last 12 months.
banks of unlawful mortgage practices today. bank of america says it will reopen more than 100,000 foreclosures across 23 states after finding no significant problems with the way it seizes homes. and gmac mortgage has followed suit, pushing ahead with foreclosures despite accusations that thousands of foreclosure documents were signed without verification. let s get more with diana olick. she joins me from d.c. this story continues to be popular. it frientrends online. what will happen next? all the t s crosses and the i s dots. a lot of people will lose their homes. that s what we ve been saying from the beginning. whether or not there were troubles behind the processes. the robo signing, one person sitting in a room signing thousands of documents. most of the foreclosures are are on people who have not paid mortgage in 18 months.
yeah, yeah. let s go to the idea of don t ask, don t tell. the president s in a tough situation, he has to defend a statute even though he didn t like it. what would you to if you were president or a senator in terms of don t ask, don t tell? the court, it s working toward the supreme court probably. in the meantime, the senate has to look at it. what would you do? i would follow admiral mullen s recommendation. he said he s going to put us on an 11-month course to ending the policy. he says it s wrong i m with him. each night, chris plays hardball with some of the most prominent politicians, newsmakers, and leaders. be sure to watch hardball with chris matthews at 5:00 and 7:00 eastern on msnbc. big banks are getting ready to end a foreclosure freeze that was prompted by accusations that paperwork was flawed, perhaps even forged. bank of america says it plans to resume seizing more than 100,000 homes in 23 states next week. gmac mortgage is also going ahead with forecl