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What is mortgage investment trust?

Mortgage REITs (mREITS) provide financing for income-producing real estate by purchasing or originating mortgages and mortgage-backed securities (MBS) and earning income from the interest on these investments. mREITs help provide essential liquidity for the real estate market.

What does PennyMac Mortgage Investment Trust do?

PennyMac Mortgage Investment Trust is a real estate investment trust that invests primarily in residential mortgage loans and mortgage-related assets. PMT is externally managed by PennyMac Financial Services, Inc.