Mortgage companies remain active in the debt market. This time, PennyMac Mortgage Investment Trust and loanDepot announced on Monday the issuance of senior notes to support their business operations, investments and to retire existing debt.

PennyMac will issue unsecured senior notes due in 2030, following an $850 million offering by PennyMac Financial Services in an oversubscribed transaction earlier in May. 

The company plans to use the proceeds to invest in subordinated bonds from its private-label securitization (PLS) activities, acquire mortgage servicing rights (MSRs), and fund its correspondent lending business by details ⇒

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