PennyMac Mortgage Investment Trust, whose stated goal is to buy problem loans, is trying to sell an $18 million package of mortgages.

A spokesman said last week that the company is auctioning the pool, which includes loans in Arkansas, Georgia, Massachusetts and North Carolina. They include performing and nonperforming first and second liens. Bank of Manhattan Securities of El Segundo, Calif., is brokering the deal.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.