Pennymac Mortg Stock Price, News & Analysis

PennyMac Mortgage Investment Trust (NYSE: PMT) announced the appointment of Donna Corley to its Board of Trustees, effective June 1, 2023. Corley, former Executive VP and Head of Single-Family Business at Freddie Mac, brings nearly 30 years of experience in capital markets and mortgage credit management. She oversaw a mortgage assets portfolio of nearly $3 trillion during her tenure. In conjunction, Marianne Sullivan will step down from the Board, concluding her service since 2017. Chairman and CEO David Spector expressed enthusiasm for Corley's insights and gratitude for Sullivan's contributions. PennyMac primarily invests in residential mortgage loans and is externally managed by PNMAC Capital Management, a subsidiary of PennyMac Financial Services (NYSE: PFSI).

PennyMac Mortgage Investment Trust (NYSE: PMT) will announce its quarterly results for the period ending March 31, 2023, after the market closes on April 27, 2023. Investors can access the results via a news release on their official website, pmt.pennymac.com. A recorded presentation by the company's executives will accompany the release, providing insights into the financial performance during the quarter. For those unable to access the site, arrangements can be made through the Investor Relations department to receive the slide presentation. PennyMac focuses on investing primarily in residential mortgage loans and related assets, and is externally managed by PNMAC Capital Management, a subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI).

Pennymac announced its aim to raise $1 million for the UCLA Neuro-Oncology Program in memory of its founder, Stanford L. Kurland. The second annual Stanford L. Kurland Memorial Golf Classic will take place on July 23-24, 2023, featuring a reception and a golf event at Sherwood Country Club. The funds will support brain cancer research, inspired by Kurland’s personal battle with an inoperable brain tumor since 2020. UCLA has recently developed ERAS-801, a promising treatment for aggressive brain cancer. The initiative aims to continue Kurland's legacy and contribute significantly to ongoing research efforts.

PennyMac Mortgage Investment Trust (NYSE: PMT) has declared a cash dividend of $0.40 per common share for Q1 2023, payable on April 28, 2023, to shareholders of record by April 14, 2023. This decision reflects the company's confidence in its financial stability and its commitment to returning value to shareholders. PMT primarily invests in residential mortgage loans and mortgage-related assets, managed externally by PennyMac Financial Services, Inc. (NYSE: PFSI).

PennyMac Mortgage Investment Trust (NYSE: PMT) has announced the election of Doug Jones to its Board of Trustees, effective March 7, 2023. Jones, who is the President and Chief Mortgage Banking Officer, has been with the company since 2011 and has played a significant role in its growth to become the largest correspondent lender in the U.S., supporting approximately 800 independent mortgage companies, community banks, and credit unions. His extensive experience includes prior executive roles at Countrywide Financial and Bank of America. PennyMac focuses on investing in residential mortgage loans and mortgage-related assets.