Ex-Nationwide Execs’ Enterprise Modifies Bad Financing to own Taxpayer Bucks
Among the many servicers participating in the fresh government’s home loan amendment program was an alternative generate that’s not such as the anybody else. PennyMac, a strong based by the former president and you can captain operating administrator of Nationwide, acquisitions distressed home loans for less with the goal of altering all of them and later offering them to possess income. The business, whoever ideal government comprise mostly of former Countrywide executives, today really stands…
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