PennyMac Mortgage Investment Trust Announces Renee R. Schultz Has Joined Its Board of Trustees

Rhea-AI Summary

PennyMac Mortgage Investment Trust (NYSE: PMT) has appointed Renee R. Schultz, a former Fannie Mae executive, to its Board of Trustees. With over 22 years of experience in the mortgage sector, Schultz held various leadership roles at Fannie Mae, including Senior Vice President of Capital Markets. Her expertise in capital markets pricing, credit risk transfer, and securitization policy is expected to significantly enhance the Board's capabilities. Chairman and CEO David A. Spector expressed enthusiasm regarding her appointment, highlighting the value she will bring to PMT.

Positive

• Renee R. Schultz brings 22 years of experience from Fannie Mae, enhancing PMT’s leadership.
• Her expertise in capital markets and securitization is expected to deliver valuable insights.

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• None.

PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that Renee R. Schultz, a Fannie Mae veteran and accomplished mortgage industry leader, has joined its Board of Trustees.

“We are excited to bring Renee’s broad range of expertise to PMT’s Board of Trustees,” said Chairman and CEO David A. Spector. “Her breadth of experience will undoubtedly add valuable perspective to our Board. On behalf of my fellow trustees, I welcome her arrival with great enthusiasm.”

Over her 22 years at Fannie Mae, Ms. Schultz held leadership roles involved in providing liquidity to Fannie Mae’s customers and the broader capital markets. As Senior Vice President of Capital Markets, she managed Fannie Mae’s capital markets pricing and sales desk, credit risk transfer programs, structured transactions, and the whole loan conduit. She also oversaw the securitization policy team, which ensures proper administration of matters related to the strategy and business value of Fannie Mae securities. Currently, Ms. Schultz is a Trustee at Saint Mary’s College in Notre Dame, Indiana.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets. PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI). Additional information about PennyMac Mortgage Investment Trust is available at www.PennyMac-REIT.com.

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FAQ

Who is the new trustee appointed to PennyMac Mortgage Investment Trust?

Renee R. Schultz has been appointed as a new trustee.

What experience does Renee R. Schultz have in the mortgage industry?

She has over 22 years of experience at Fannie Mae, including roles in capital markets.

How will Renee R. Schultz's experience benefit PMT?

Her background in capital markets and securitization is expected to enhance PMT's Board.

What position did Renee R. Schultz hold at Fannie Mae?

She served as Senior Vice President of Capital Markets.

What is the stock symbol for PennyMac Mortgage Investment Trust?

The stock symbol for PennyMac Mortgage Investment Trust is PMT.