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Real Estate & Property Law

: Housing Wire

PennyMac Funds Buy Mortgage Portfolio From FDIC

By PAUL JACKSON

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Private National Mortgage Acceptance Company, LLC — that’s PennyMac to you and I — said Wednesday morning that investment funds managed by its affiliate, PNMAC Capital Management, LLC, had recently completed the purchase of $558 million in residential mortgage loans from the Federal Deposit Insurance Corporation. The loans were formerly held by the First National [...]

Full post as published by Housing Wire on January 07, 2009 (boomark / email).

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