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Real Estate & Property Law

: Housing Wire

PennyMac Subsidiary Issues $750 Million IPO

By KELLY CURRAN

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PennyMac Mortgage Investment Trust, a distressed asset firm founded by former Countrywide Financial Corp. President Stanford Kurland, filed Friday for an initial public offering. The firm hopes to raise up to $750m with the IPO. The firm, which is part of the Private National Mortgage Acceptance Company (PennyMac), will be formed as real estate investment trust, [...]

Full post as published by Housing Wire on May 26, 2009 (boomark / email).

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