Web Stories Thursday, April 25
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PennyMac Mortgage Investment Trust (NYSE:) has reported robust financial results for the first quarter, including a net income of $37 million and diluted earnings per share of $0.39. The company’s annualized return on common equity stood at 10%, with a book value per share of $16.11. Despite expectations of declining total originations in 2024 due to rising market interest rates, PMT is strategically managing its portfolio, focusing on interest rate-sensitive investments, and considering share buybacks…

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