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PennyMac Subsidiary to Issue $750 Million IPO (Countrywide alumni profit from their own mess)
HousingWire.com ^ | May 26, 2009 | Kelly Curran

Posted on 07/29/2009 11:23:14 AM PDT by Stayfree

Kurland left Countrywide in 2006. The lender went under last year and Bank of America took over. PennyMac now services assets similar to those that played a hand in fate of Countrywide and also purchases mortgages from other financial firms.

(Excerpt) Read more at housingwire.com ...


TOPICS: Business/Economy
KEYWORDS: collapse; countrywide; housing; mortgage; pennymac
Same guys that created Countrywide's bundle of sub-prime loans hope to make a killing off the mess they helped create!
1 posted on 07/29/2009 11:23:16 AM PDT by Stayfree
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To: Stayfree

Yes, so they can buy more Democrat and Republicans politicians and steal more tax payers money.


2 posted on 07/29/2009 11:43:19 AM PDT by org.whodat (Vote: Chuck De Vore in 2012.)
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