Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $15,561
19%  
Woo hoo!! And now only $639 from reaching 20%!! Thank you all very much!! God bless.

Keyword: pennymac

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  • PennyMac Subsidiary to Issue $750 Million IPO (Countrywide alumni profit from their own mess)

    07/29/2009 11:23:14 AM PDT · by Stayfree · 1 replies · 195+ views
    HousingWire.com ^ | May 26, 2009 | Kelly Curran
    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.
  • Ex-Leaders of Countrywide Profit From Bad Loans

    03/04/2009 11:05:18 AM PST · by NormsRevenge · 6 replies · 606+ views
    NY Times ^ | 3/4/09 | Eric Lipton
    CALABASAS, Calif. — Fairly or not, Countrywide Financial and its top executives would be on most lists of those who share blame for the nation’s economic crisis. After all, the banking behemoth made risky loans to tens of thousands of Americans, helping set off a chain of events that has the economy staggering. So it may come as a surprise that a dozen former top Countrywide executives now stand to make millions from the home mortgage mess. Stanford L. Kurland, Countrywide’s former president, and his team have been buying up delinquent home mortgages that the government took over from other...