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Loan Modification

: Mortgage Lender Implode-o-Meter

PennyMac Reports $1.3m Net Income, Plans Q2 Securitization

By Implode-Explode Heavy Industries

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"The company acquired five residential mortgage whole loan pools worth $115m with unpaid principal balances of $208m at the time of purchase. These were primarily non-performing loans with 86% of the loans 90+ days delinquent or in foreclosure. The transactions bring the total net value of PMT?s residential mortgage whole loans and RMBS as of quarter-end to $200m"

Full post as published by Mortgage Lender Implode-o-Meter on May 04, 2010 (boomark / email).

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