PennyMac Mortgage Investment Trust (NYSE:PMT) Q1 2024 Earnings Call Transcript

Douglas Harter: Thanks. As you guys are thinking about investment opportunities, how are you thinking about a credit investment and closed-end seconds or the second lien that PennyMac is originating?

David Spector: We’re looking at the execution opportunity. We’re looking at investment opportunities of securitizations that are being done with close-in second-gen jumbos, because I think that the advertising increased activity in origination roadmap. [Technical Difficulty] we hope to see the investment opportunity meeting the required return PMT need there is set out. But suffice it to say that we produce particularly spreads widen and there was an opportunity to invest on. There’s enough activity going on in PFSI that PMT could do a securitization. And I think as you know, into the issuance of function from appear a size standpoint, they’re looking for best execution for PMT, they’re looking to achieve the required return.

Operator: We have no further questions at this time. I’ll now turn it back to Mr. Spector for closing remarks.

David Spector: Thank you. Thank you all for joining us today. If you have any additional questions, please don’t hesitate to reach out to our IR department. We appreciate your time, and I’m looking forward to speaking to all of you in the near future. Take care.