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The mortgage loan investment company set up by former Countrywide executives, PennyMac Mortgage...

Thursday, July 30, 2009, 10:07 AM ET
The mortgage loan investment company set up by former Countrywide executives, PennyMac Mortgage Investment Trust (PMT), opens up trading at $19.25, after selling 16M shares at $20 - less than the 20M shares it had hoped to sell. Abbi Adest has the IPO overview.

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