PennyMac Mortgage Investment Trust a specialty finance company primarily invests in mortgagerelated assets in the United States The companys Credit Sensitive Strategies segment invests in credit risk transfer CRT agreements CRT securities distressed loans real estate and nonagency subordinated bonds Its Interest Rate Sensitive Strategies segment engages in investing in mortgage servicing rights excess servicing spreads and agency and senior nonagency mortgagebacked securities MBS as well as related interest rate hedging activities The companys Correspondent Production segment is involved in purchasing pooling and reselling newly originated prime credit residential loans directly or in the form of MBS PNMAC Capital Management LLC acts as the manager of PennyMac Mortgage Investment Trust The company qualifies as a real estate investment trust for federal income tax purposes It generally would not be subject to federal corporate income taxes if it distributes at least 90 of its taxable income to its shareholders PennyMac Mortgage Investment Trust was founded in 2009 and is headquartered in Westlake Village California