Business Description
PennyMac Mortgage Investment Trust is a California-based company founded in 2009 that focuses on investing in U.S. home loan assets across three core areas: credit-sensitive investments, interest rate-sensitive investments, and the buying and reselling of newly originated high-quality mortgages. The company sells most of its loans to government-backed enterprises and operates as a real estate investment trust, meaning it pays no federal income tax on earnings distributed to shareholders.
