PennyMac Offer Investors A 98 Million Pool Of Liquidty

PennyMac Mortgage Investment Trust is offering a $98 million pool of loans to investors, according to market sources.

“A way of exploring leverage”

PennyMac spokesman

One bidder who has seen the offering documents said the Calabasas-based vulture fund is marketing the loans as “mostly performing,” adding that investors are allowed to buy different portions of the pool.

No other details were available at press time.

More at The Swapper.

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