PennyMac Mortgage Investment Trust recently entered into a master repurchase agreement with Bank of America that allows a subsidiary of the publicly traded REIT to sell — and later repurchase — new originations in an aggregate principal amount of up to $200 million.

Of that $200 million, $100 million is committed to a loan repo facility that will be used to fund newly originated mortgages purchased from correspondent lenders, according to an Securities and Exchange Commission statement filed Monday afternoon.

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