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

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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