PMTU

PennyMac Mortgage Investment Trust operates as a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets in the United States. The real estate investment trust (REIT), headquartered in Westlake Village, California, focuses on correspondent production, credit sensitive strategies, and distressed loan acquisitions. PMTU's portfolio consists of credit-sensitive residential mortgage assets, including newly originated mortgage loans, early payment default loans, distressed loans acquired from financial institutions, and other mortgage-related investments. The trust is externally managed by PNMAC Capital Management, LLC, a subsidiary of PennyMac Financial Services, Inc., which provides investment management services and operational support. PMTU's business model centers on acquiring mortgage assets at attractive yields and leveraging its manager's servicing and workout capabilities to maximize returns. The trust typically finances its investments through repurchase agreements, securitizations, and credit facilities with various financial institutions. As of recent reporting periods, the company maintains a diversified portfolio spanning correspondent loan originations and credit-sensitive investments, positioning itself within the mortgage REIT sector as a focused player in residential credit strategies. The trust's investment approach emphasizes risk-adjusted returns through careful asset selection and active portfolio management, while its relationship with PennyMac Financial Services provides operational infrastructure and market access that supports its investment activities.