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There's another entrant into the reborn private-label mortgage securitization business as...

There's another entrant into the reborn private-label mortgage securitization business as PennyMac Mortgage Investment (PMT) management unveils a plan to issue its first RMBS in Q3. "(It's) a significant new opportunity," says CEO Stan Kurland. Redwood Trust (RWT) investors nod in agreement.
Comments (1)
  • Renoira
    , contributor
    Comments (86) | Send Message
     
    http://bit.ly/10xjbVx

     

    Above is a consumer site of consumers pissed-off about service at PennyMac.

     

    While B of A is suffering under the strain of Countrywide's massive fraud lawsuits, PennyMac opens up with the same executives of Countrywide and is making a nice hefty profit foreclosing on the previous fraudulent loans.

     

    With all the fraud lawsuits rising to the surface over the past few years. Investors should exercise caution when investing in secondary markets like PennyMac, since PennyMac carries many loans that were victims of previous fraud.

     

    Or as the deflectors have previously told the suffering homebuyers:

     

    "Caveat Empter" Let the buyer beware
    23 Apr 2013, 03:44 PM Reply Like
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