Company Description
PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States.
The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments.
Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.
The company’s Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency MBS, as well as related interest rate hedging activities.
Its Correspondent Production segment is involved in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of MBS.
The company primarily sells its loans to government-sponsored entities or PennyMac Loan Services, LLC.
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.
The company was incorporated in 2009 and is headquartered in Westlake Village, California.
| Country | United States |
| Founded | 2009 |
| IPO Date | Jul 30, 2009 |
| Industry | REIT - Mortgage |
| Sector | Real Estate |
| Employees | 7 |
| CEO | David Spector |
Contact Details
Address: 3043 Townsgate Road, Suite 200 Westlake Village, California 91361 United States | |
| Phone | 818 224 7442 |
| Website | pmt.pennymac.com |
Stock Details
| Ticker Symbol | PMT |
| Exchange | NYSE |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0001464423 |
| CUSIP Number | 70931T103 |
| ISIN Number | US70931T1034 |
| Employer ID | 27-0186273 |
| SIC Code | 6798 |
Key Executives
| Name | Position |
|---|---|
| David A. Spector | Chairman of the Board and Chief Executive Officer |
| Douglas Edward Jones | President, Chief Mortgage Banking Officer and Director |
| Daniel Stanley Perotti | Senior MD and Chief Financial Officer |
| Derek W. Stark J.D. | Senior MD, Chief Legal Officer and Secretary |
| Mark E. Elbaum | Chief Investment Officer |
| Gregory L. Hendry | Chief Accounting Officer |
| Kevin Chamberlain | Executive Vice President of Investor Relations |
| James Follette | Senior MD and Chief Digital Officer |
| Scott Bridges | Senior Managing Director of Consumer Direct Lending Division |
| Pamela K. Marsh CPA | MD and Treasurer |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Dec 19, 2024 | 8-K | Current Report |
| Nov 14, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Oct 30, 2024 | 10-Q | Quarterly Report |
| Oct 22, 2024 | 8-K | Current Report |
| Oct 3, 2024 | 8-K | Current Report |
| Sep 3, 2024 | 144 | Filing |
| Sep 3, 2024 | 144 | Filing |
| Aug 29, 2024 | 144 | Filing |
| Aug 1, 2024 | 10-Q | Quarterly Report |
| Jul 23, 2024 | 8-K | Current Report |