TacticScaleReal Estate · REIT - Mortgage
PennyMac Mortgage Investment Trust
Mortgage REIT investing in U.S. home loan assets and servicing rights
Understand PennyMac Mortgage Investment Trust →What PennyMac Mortgage Investment Trust does
PennyMac Mortgage Investment Trust invests in assets tied to U.S. home mortgages. It buys newly made high-quality home loans from other lenders, bundles them, and resells them, mostly to government-sponsored agencies like Fannie Mae and Freddie Mac. It also holds investments that earn money from mortgage credit risk, interest rates, and the rights to service loans.
How PennyMac Mortgage Investment Trust makes money
It earns income from mortgage investments, including credit risk transfer deals, mortgage-backed securities, and mortgage servicing rights, and from gains on buying, pooling, and reselling newly made loans. Because it is a REIT, it pays no federal income tax on the taxable income it pays out to shareholders.
Products & services
- Correspondent loan production (purchase, pooling and resale of prime loans)
- Credit risk transfer (CRT) investments
- Mortgage servicing rights (MSRs)
- Agency and senior non-agency MBS
- Subordinate and credit-linked MBS
- Collateralized mortgage obligations (CMOs)