PennyMac Mortgage Investment Trust (PMT-PC) NYSE

19.06

+0.01(+0.05%)

Updated at September 08 03:58PM

Currency In USD

PennyMac Mortgage Investment Trust

Address

3043 Townsgate Road

Westlake Village, CA 91361

United States of America

Phone

818 224 7442

Sector

Real Estate

Industry

REIT - Mortgage

Employees

7

First IPO Date

August 18, 2021

Key Executives

NameTitlePayYear Born
Mr. David A. SpectorChairman of the Board & Chief Executive Officer01963
Mr. James FolletteSenior MD & Chief Digital Officer01972
Mr. Derek W. Stark J.D.Senior MD, Chief Legal Officer & Secretary01968
Ms. Abbie TidmoreSenior MD & Chief Revenue Officer01965
Mr. Gregory L. HendryChief Accounting Officer01961
Mr. Kevin ChamberlainExecutive Vice President of Investor Relations0N/A
Mr. Scott BridgesSenior Managing Director of Consumer Direct Lending Division0N/A
Mr. Mark E. ElbaumSenior MD & Chief Capital Markets Officer01963
Mr. Daniel Stanley PerottiSenior MD & Chief Financial Officer01981
Mr. Douglas Edward JonesPresident, Chief Mortgage Banking Officer & Director01957

Description

PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the United States. The company's Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate, and non-agency subordinated bonds. Its Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency mortgage-backed securities (MBS), as well as related interest rate hedging activities. The company's Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of MBS. PNMAC Capital Management, LLC acts as the manager of PennyMac Mortgage Investment Trust. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its shareholders. PennyMac Mortgage Investment Trust was founded in 2009 and is headquartered in Westlake Village, California.