PennyMac, the mortgage vulture fund founded by a former top executive at Countrywide Financial Corp., has registered $25.8 million worth of additional stock, according to a new public filing. In total, the firm registered 1,368,851 shares at a proposed maximum offering price of $18.91, according to the company's S-8 filing with the Securities and Exchange Commission. Formally known as PennyMac Mortgage Investment Trust, the company went public this past summer and has yet to release any earnings. In trading Friday its stock was at $18.55 compared to a low of $18.34 and a high of $20. A spokesman for the company did not return a telephone call about the filing. Besides investing in delinquent loans, PennyMac is also a specialty servicer.
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