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Thursday, August 5th, 2010 at 1:10 PM

Inside Penny Mac

Hat tip to clearfund for sending this along:


Posted on Thursday, August 5th, 2010 at 1:10 PM in Mortgage News | 4 Comments » | Print Print You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Reader Comments: 4 Responses

  1. Yes. Oh goody! I think the guy was at Countrywide if I am not mistaken.

    Daniel | August 5th, 2010 at 4:43 pm

  2. Most of PennyMac is comprised of former Countrywide people. Profit from creating the problem, profit again from creating the “solution.” My favorite is the concept of securitizing NPLs. What’s the present value of a stream of future nonpayments?

    Sean | August 6th, 2010 at 8:00 am

  3. S&P will rate the securitized npls AAA …

    KBX | August 8th, 2010 at 7:47 am

  4. To be fair Kurland was gone in 2006, and it was Sambol who was so gungho for subprime and Alt-A.

    Ghoghogol | August 14th, 2010 at 6:50 pm

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