trending Market Intelligence /marketintelligence/en/news-insights/trending/uir9x8e73xdh0lzjrlsjjg2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

PennyMac Mortgage Investment, PennyMac Financial amend master repurchase agreements

Municipal-Run Fiber Tops 280000 Subscribers In 2018

Mobile Payment Apps Driving Fintech Frenzy In India

Street Talk Episode 42: Banks losing consumer deposits to fintech, digital platforms, commercial might be next

Corporate Renewables Market Looks To Continue Growth After Record 2018


PennyMac Mortgage Investment, PennyMac Financial amend master repurchase agreements

PennyMac MortgageInvestment Trust and PennyMacFinancial Services Inc. have each amended their master repurchase agreements.

Before the amendment, PennyMac Mortgage's agreement providedfor a maximum aggregate purchase price of $300 million. Of this amount, $200 millionwas committed and available for purchases. Under the amended agreement's terms,the maximum aggregate purchase price was increased to $400 million. Of this amount,$250 million is committed and available for purchases.

The agreements allow the companies to sell, and later repurchase,newly originated mortgage loans. The termination date of these agreementsis Aug. 25, 2017.

Under PennyMac Financial's amended agreement, the maximum aggregatepurchase price was increased to $300 million. Of this amount, $175 million is committedand available for purchases. Before the amendment, theagreement provided for a maximum aggregate purchase price of $200 million. Of thisamount, $125 million was committed and available for purchases.