PennyMac Mortgage Investment Trust (PMT)
Barclays Capital Global Financial Services Conference
September 10, 2012 12:00 AM ET
David Spector - President & CEO.
Presentation Unidentified Analyst
» PennyMac Mortgage Investment Trust Q4 2009 Earnings Call Transcript
» RenaissanceRe Holdings' Management Presents at Barclays Global Financial Services Conference (Transcript)
Thank you Mark. Before we begin please take a moment to look over the disclaimer regarding forward-looking statements, now let me begin with a brief market overview. As I am sure you're all aware of the severe dislocations occurred in U.S. mortgage and housing markets is now approaching the five-year mark but we're beginning to see indications of market improvements. This is particularly evident in some of the areas hardest hit by the downturn, home prices are improving on the national basis while home purchase activity in several areas has been robust with investor demand for REO properties remaining strong, these data points suggest to us that prices are beginning to stabilize. Our experience with second-quarter REO and for closure sale liquidation suggest that demand increased in and the prices received for those properties were generally higher than sales of comparable properties in the previous quarter.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV