Inside Penny Mac

Written by Jim the Realtor

August 5, 2010

Hat tip to clearfund for sending this along:

4 Comments

  1. Daniel

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

  2. Sean

    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?

  3. KBX

    S&P will rate the securitized npls AAA …

  4. Ghoghogol

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

Klinge Realty Group - Compass

Jim Klinge
Klinge Realty Group

Are you looking for an experienced agent to help you buy or sell a home?

Contact Jim the Realtor!

CA DRE #01527365CA DRE #00873197

Pin It on Pinterest