PennyMac Loan Services, LLC · Calabasas, CA United States
| 27001 Agoura Rd. | Phone: 818-224-7442 |
| Calabasas, CA | |
| 91301 | |
| United States |
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Company Description
Pinching pennies is one way to turn a tarnished economic situation into gold. Private National Mortgage Acceptance Company, known as PennyMac, was formed to capitalize on troubles in the mortgage industry. The company, run by former Countrywide Financial executives, buys distressed mortgages at bargain prices and then restructures the loans. Once borrowers resume making payments under renegotiated terms, PennyMac resells the mortgages for a profit. Its portfolio includes some $800 million in loans. CEO Stanford Kurland, Countrywide's former president, created PennyMac in 2008, along with investors BlackRock and Highfields Capital. The company has filed for an initial public offering.

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Financials
| Company Type | PrivateSingle Location |
|---|
| Fiscal Year-End | December |
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| Employees | 22 |
|---|
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