Moorpark firm PennyMac Mortgage Investment Trust is expanding with a new Sacramento office. The publicly-traded real estate investment trust will staff the new office with 200 employees. PennyMac signed a five-year lease on a 26,384-square-foot office. It has been expanding operations in recent months, including a Pasadena retail office, to coincide with a rebound in the housing market. The company, led by former Countrywide Financial President Stanford Kurland, produces and services U.S. residential mortgage loans. In May, its parent company, PennyMac Financial Services Inc., raised $200 million in an initial public offering, which it planned to use for investments and to expand its operations. Shares of PennyMac Mortgage Investment Trust closed down 52 cents, or 2.4 percent, to $21.19 on the Nasdaq.
