Business Description
PennyMac Mortgage Investment Trust is a real estate investment trust based in Westlake Village, California, that focuses on U.S. residential mortgage assets. The company buys, pools, and resells home loans and mortgage-backed securities, while also holding mortgage servicing rights and managing interest rate risk. It sells most of its loans to government-backed agencies and passes its taxable income through to shareholders, avoiding federal income tax at the corporate level.
