PennyMac Mortgage Investment Trust Names New CEO, CFO and Chairman

PennyMac Mortgage Investment Trust, a real estate investment trust that primarily invests in residential mortgage assets, Wednesday named a new chief executive, chief financial officer and chairman in conjunction with organizational changes by PennyMac Financial Services (PFSI), which is PennyMac Mortgages’s manager and service provider.

Among the changes, Stanford Kurland, currently chairman and CEO, will become executive chairman while David Spector, currently chief operating officer, will become CEO.

Also, Andrew Chang, currently senior managing director will become CFO while Doug Jones, chief institutional mortgage banking officer, will become chief mortgage banking officer.

By Sara Howard