PennyMac Mortgage ( (PMT) ) has issued an update.
William Chang is poised to leave his position as Senior Managing Director and Chief Investment Officer of Pennymac Mortgage Investment Trust on October 11, 2024. The company has chosen Mark Elbaum as the interim successor, tapping into his extensive mortgage banking experience and leadership background at firms like Homepoint Financial and Bank of America. This transition reflects Pennymac’s confidence in its leadership pool and continues its tradition of strategic industry positioning.
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