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

|About: PennyMac Mortgage Inves... (PMT)|By:, SA News Editor

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.