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PennyMac Mortgage Investment Trust (PMT)


NYSE - Nasdaq Real Time Price. Currency in USD
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PennyMac Mortgage Investment Trust

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

SectorFinancial
IndustryREIT - Diversified
Full Time Employees3

Key Executives

NameTitlePayExercisedAge
Mr. Stanford L. KurlandExec. ChairmanN/AN/A64
Mr. David A. SpectorChief Exec. Officer, Pres and TrusteeN/AN/A54
Mr. Andrew S. ChangChief Financial Officer and Sr. Managing DirectorN/AN/A40
Mr. Vandad FartajChief Investment Officer and Sr. Managing DirectorN/AN/A42
Mr. Jeffrey P. GroginChief Admin. & Legal Officer, Sr. Managing Director and Sec.N/AN/A57
Amounts are as of December 31, 2016 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 residential mortgage loans and mortgage-related assets in the United States. The company operates in two segments, Correspondent Production and Investment Activities. The Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit mortgage loans directly or in the form of mortgage-backed securities (MBS). The Investment Activities segment invests in mortgage-related assets, which include distressed mortgage loans, excess servicing spread, real estate acquired in settlement of loans, real estate held for investment, mortgage servicing rights, small balance commercial real estate mortgage loans, and credit risk transfer agreements. 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 stockholders. PennyMac Mortgage Investment Trust was founded in 2009 and is based in Westlake Village, California.

Corporate Governance

PennyMac Mortgage Investment Trust’s ISS Governance QualityScore as of July 1, 2017 is 9. The pillar scores are Audit: 1; Board: 8; Shareholder Rights: 10; Compensation: 8.

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.