PMTW

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), externally managed by PNMAC Capital Management, LLC, focuses on credit-sensitive strategies across the mortgage market. The company's investment portfolio consists of Credit Sensitive Strategies, which include credit risk transfer agreements, distressed loans, and real estate owned, as well as Interest Rate Sensitive Strategies comprising correspondent production and mortgage servicing rights. PMTW acquires and manages predominantly non-prime and prime jumbo mortgage loans, leveraging its manager's extensive origination and servicing platform. The trust generates revenue through net interest income on its mortgage assets and gains on loan sales and securitizations. As of recent reporting periods, the company manages a multi-billion dollar investment portfolio with significant exposure to government-sponsored enterprise credit risk transfer securities. PMTW benefits from its relationship with PennyMac Financial Services, which provides operational infrastructure and sourcing capabilities. The company maintains its focus on senior investments in residential mortgages while actively managing interest rate and credit risk through various hedging strategies. Headquartered in Westlake Village, California, PMTW has distributed regular dividends to shareholders since its 2009 inception, positioning itself as an income-generating investment vehicle within the mortgage REIT sector.