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Mackay Shields LLC Invests $609,000 in PennyMac Mortgage Investment Trust (PMT) – The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Scott W. Carnahan sold 5,721 shares of PennyMac Mortgage Investment Trust.
Rise of the 40-year mortgage as choice of home loans which last for longer grows – While traditionally people may have expected to be mortgage-free after 25 years, 50.89% of residential mortgage products currently available have a standard maximum mortgage term of up to 40 years,
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