PennyMac Mortgage Investment Trust (PMT) NYSE

12.58

-0.015(-0.12%)

Updated at October 03 03:12PM

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

July 30, 2009

Key Executives

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

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.