PennyMac Financial Services, Inc. (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. residential mortgage loans and the management of investments related to the U.S. residential mortgage market. PennyMac was established in 2008 in partnership with BlackRock and Highfields. Today, PennyMac is the largest non-bank correspondent lender in the country and a leading investor in distressed mortgage loans. We also have a large and rapidly growing mortgage servicing portfolio and retail mortgage lending platform. PennyMac manages private investment funds and PennyMac Mortgage Investment Trust (NYSE: PMT), a publicly-traded mortgage REIT. PMT is a tax-efficient vehicle for investing in mortgage-related assets and has a successful track record of raising and deploying cost-effective capital in mortgage-related investments.