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PennyMac Mortgage Investment Trust (PMT)

NYSE - Nasdaq Real Time Price. Currency in USD
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14.68+0.16 (+1.10%)
At close: 04:00PM EDT
14.71 +0.03 (+0.20%)
After hours: 06:40PM EDT

PennyMac Mortgage Investment Trust

3043 Townsgate Road
Suite 200
Westlake Village, CA 91361
United States
818 224 7442
https://pmt.pennymac.com

Sector(s)Real Estate
IndustryREIT - Mortgage
Full Time Employees7

Key Executives

NameTitlePayExercisedYear Born
Mr. David A. SpectorChairman of the Board & CEON/AN/A1963
Mr. Douglas Edward JonesPresident, Chief Mortgage Banking Officer & DirectorN/AN/A1957
Mr. Daniel Stanley PerottiSenior MD & CFON/AN/A1981
Mr. Derek W. Stark J.D.Senior MD, Chief Legal Officer & SecretaryN/AN/A1968
Mr. William ChangSenior MD & Chief Investment OfficerN/AN/AN/A
Mr. Gregory L. HendryChief Accounting OfficerN/AN/A1961
Mr. Kevin ChamberlainExecutive Vice President of Investor RelationsN/AN/AN/A
Mr. James FolletteSenior MD & Chief Digital OfficerN/AN/A1973
Mr. Scott BridgesSenior Managing Director of Consumer Direct Lending DivisionN/AN/AN/A
Ms. Pamela K. Marsh CPAMD & TreasurerN/AN/AN/A
Amounts are as of December 31, 2022 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

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.

Corporate Governance

PennyMac Mortgage Investment Trust’s ISS Governance QualityScore as of March 1, 2024 is 3. The pillar scores are Audit: 1; Board: 6; Shareholder Rights: 4; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.