PMT - PennyMac Mortgage Investment Trust

NYSE - NYSE Delayed Price. Currency in USD

PennyMac Mortgage Investment Trust

3043 Townsgate Road
Westlake Village, CA 91361
United States

SectorReal Estate
IndustryREIT - Diversified
Full Time Employees3

Key Executives

NameTitlePayExercisedYear Born
Mr. Stanford Lee KurlandExec. ChairmanN/AN/A1952
Mr. David A. SpectorCEO, Pres & TrusteeN/AN/A1963
Mr. Andrew S. ChangSr. MD & CFON/AN/A1977
Mr. Vandad FartajSr. MD & Chief Investment OfficerN/AN/A1975
Mr. Douglas JonesSr. MD & Chief Mortgage Banking OfficerN/AN/A1957
Amounts are as of December 31, 2018 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.


PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company's 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). Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, firm commitment to purchase CRT securities, distressed mortgage loans, real estate acquired in settlement of mortgage loans, non-Agency subordinated bonds, and small balance commercial real estate mortgage loans. 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; and interest rate hedging activities related to indebtedness. 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. The company was founded in 2009 and is based in Westlake Village, California.

Corporate Governance

PennyMac Mortgage Investment Trust’s ISS Governance QualityScore as of October 4, 2019 is 7. The pillar scores are Audit: 1; Board: 8; Shareholder Rights: 7; Compensation: 4.

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.