PennyMac Mortgage Investment Trust (PMT) functions as a specialized financial firm, concentrating its investments primarily on mortgage-related assets within the United States. The company operates through several key divisions: Its Credit Sensitive Strategies segment channels capital into various instruments, including credit risk transfer (CRT) agreements and securities, distressed loans, real estate holdings, and non-agency subordinated bonds. The Interest Rate Sensitive Strategies segment focuses on investments such as mortgage servicing rights, excess servicing spreads, and both agency and senior non-agency mortgage-backed securities (MBS), while also undertaking related interest rate hedging activities. Through its Correspondent Production segment, PMT engages in the acquisition, pooling, and subsequent resale of newly originated prime credit residential loans, either directly or packaged as MBS. The trust is externally managed by PNMAC Capital Management, LLC. For federal income tax purposes, PennyMac Mortgage Investment Trust qualifies as a real estate investment trust (REIT). This status generally allows it to avoid federal corporate income taxes, provided it distributes at least 90% of its taxable income to its shareholders. PMT was founded in 2009 and has its headquarters situated in Westlake Village, California.
Sector: Real Estate Investment Trusts
Industry: REIT - Mortgage
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based on 87.20M shares outstanding
USPennyMac 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.
Abbie Tidmore
Senior Managing Director and Chief Revenue Officer
Daniel S. Perotti
Senior Managing Director and Chief Financial Officer
David A. Spector
Chairman and Chief Executive Officer
Derek W. Stark
Senior Managing Director, Chief Legal Officer and Secretary
Employees
7
Country
US
Sector
Real Estate
Website
pennymacmortgageinvestmenttrust.com
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based on 87.20M shares outstanding
US30d Avg
2.40M
60d Avg
1.78M
90d Avg
1.65M
