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PennyMac Mortgage Investment Trust (PMT)

NYSE - NYSE Delayed Price. Currency in USD
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21.30+0.51 (+2.45%)
At close: 4:00PM EDT

PennyMac Mortgage Investment Trust

3043 Townsgate Road
Westlake Village, CA 91361
United States
818 224 7442
http://www.pennymacmortgageinvestmenttrust.com

Sector(s)Real Estate
IndustryREIT—Mortgage
Full Time Employees1

Key Executives

NameTitlePayExercisedYear Born
Mr. David A. SpectorChairman & CEON/AN/A1963
Mr. Douglas Edward JonesPres & Chief Mortgage Banking OfficerN/AN/A1957
Mr. Andrew S. ChangSr. MD & COON/AN/A1977
Mr. Vandad FartajSr. MD & Chief Investment OfficerN/AN/A1975
Mr. Daniel Stanley PerottiSr. MD & CFON/AN/A1981
Mr. Gregory L. HendryChief Accounting OfficerN/AN/A1961
Mr. Kevin ChamberlainExec. VP of Investor RelationsN/AN/AN/A
Mr. Derek W. Stark J.D.Sr. MD, Chief Legal Officer & Sec.N/AN/A1968
Mr. David M. WalkerSr. MD & Chief Risk OfficerN/AN/A1955
Ms. Anne D. McCallionSr. MD & Chief Enterprise Operations OfficerN/AN/A1955
Amounts are as of December 31, 2020 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, a specialty finance company, invests primarily in mortgage-related assets in the United States. The company operates through Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate, and non-agency subordinated bonds. The company's 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); and related interest rate hedging activities. Its Correspondent Production segment engages 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.

Corporate Governance

PennyMac Mortgage Investment Trust’s ISS Governance QualityScore as of June 1, 2021 is 5. The pillar scores are Audit: 2; Board: 7; Shareholder Rights: 5; Compensation: 3.

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.