trending Market Intelligence /marketintelligence/en/news-insights/trending/zc2arnmhnrqvroiwxzizgw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

PennyMac Mortgage Investment Trust amends master repurchase agreement

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks

Blog

Banking Essentials Newsletter - April Edition


PennyMac Mortgage Investment Trust amends master repurchase agreement

PennyMac Mortgage Investment Trust, through three of its subsidiaries, PennyMac Corp., PennyMac Holdings LLC and PMT ISSUER TRUST—FMSR, amended a master repurchase agreement to add Citibank as a syndicated buyer of a new series of notes and increase the maximum aggregate purchase price provided for in the agreement.

The amendment of the master repurchase agreement dated as of Dec. 20, 2017, was entered into by the companies with Credit Suisse AG, Cayman Islands Branch and Citibank NA, as buyers, Credit Suisse First Boston Mortgage Capital LLC, as administrative agent to the buyers, and PennyMac Corp., as seller.

Citibank was added as a syndicated buyer of a new series 2017-VF1 note No. 2, dated June 29, replacing series 2017-VF1 note No. 1 dated Dec. 20, 2017.

Additionally, the maximum aggregate purchase price provided for in the agreement was increased from $375 million to $500 million.