David will go into additional details regarding our strategy of that investments in the performing whole loans that MSR will follow a response from this pool of (indiscernible) and we will continue to pursue additional re-performing whole loan investments going forward.The second quarter results underscore the strength of PMT’s business model and our ability to capitalize on opportunities as they emerge. Our success is occurring at a time when the mortgage markets appear to be showing signs of stabilizer.
PennyMac Mortgage Investment Trust's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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