PennyMac Mortgage Investment Trust · Calabasas, CA United States ·(NYSE: PMT)
Company Description
View PennyMac Mortgage Investment Trust Locations On A US Map
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This link will open in a new window PennyMac Mortgage Investment Trust trusts in its ability to acquire distressed US residential mortgage loans. The company seeks to acquire primarily troubled home mortgage loans and mortgage-backed securities from FDIC liquidations of failed banks, US Treasury Legacy Loans Program auctions, and direct acquisitions from mortgage and insurance companies and foreign banks. PennyMac is managed by investment adviser PNMAC Capital Management and offers primary and special loan servicing through PennyMac Loan Services . It may use some of the proceeds from its IPO to make investments in high-grade, short-term securities guaranteed by the likes of Ginnie Mae , Freddie Mac , and Fannie Mae . To read the full description, subscribe now.
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Key PennyMac Mortgage Investment Trust Financials
| Company Type | Public - NYSE: PMT Single Location |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $0.1 |
| Employees | 2 |
PennyMac Mortgage Investment Trust Executives
14 executives listed for PennyMac Mortgage Investment Trust's Calabasas, CA location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Stanford Kurland | Network |
| CFO | Anne McCallion | Network |
| Chief Information Officer | Farzad Abolfathi | Network |
Competition
Competitive Landscape for PennyMac Mortgage Investment Trust
The health of the economy drives demand for REITs as investment vehicles. Profitability depends on the value of the properties in the portfolio, which in turn highly depends on real estate vacancy rates. Large companies have advantages in deal-making, and economies of scale in marketing, computer and infrastructure investment, and operations. Smaller companies can compete by specializing not only in real estate type, but by geography, though geographic focus can increase risks. To read the full description, subscribe now.Top PennyMac Mortgage Investment Trust Competitors
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