WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--
PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that
Marianne Sullivan, a seasoned mortgage industry executive previously at
the Federal National Mortgage Association (Fannie Mae), joined its Board
of Trustees effective September 26, 2017.
Ms. Sullivan founded OptimX Advisors, Inc., a consulting firm to the
U.S. mortgage industry, in January 2017 and has served as its Chief
Strategy Consultant since then. Ms. Sullivan previously served for 24
years at Fannie Mae in a variety of executive positions including Senior
Vice President, Single-Family Strategic Initiatives and Business
Capabilities, and Senior Vice President, Single-Family Chief Risk
Officer. She also played a critical role in the company’s multi-family
and credit loss management operations. As a government-sponsored
enterprise (GSE), Fannie Mae partners with lenders to create housing
opportunities for families across the country.
“I am pleased to announce that Marianne Sullivan has joined our Board of
Trustees,” said PMT Executive Chairman Stanford L. Kurland. “She is a
highly regarded mortgage banking executive who brings a keen
understanding of the intricacies of housing finance as our newest
trustee. On behalf of my fellow Board members, I am delighted to welcome
her to PennyMac.”
Ms. Sullivan received a B.S. degree in Business Administration from
Georgetown University.
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. PennyMac Mortgage Investment Trust common
shares trade on the New York Stock Exchange under the symbol "PMT." PMT
is externally managed by PNMAC Capital Management, LLC, a controlled
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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PennyMac Mortgage Investment Trust
Stephen Hagey, 805-530-5817
or
Christopher
Oltmann, 818-224-7028
Source: PennyMac Mortgage Investment Trust