A vulture firm founded by former Countrywide Financial Corp. president Stanford Kurland filed Friday to raise as much as $750 million in stock through an initial public offering. The company, PennyMac Mortgage Investment Trust, is a unit of the Kurland-led Private National Mortgage Acceptance Corp., or PennyMac, which invests in distressed mortgage assets. To date, though, PennyMac had made only one significant investment.
A pension fund can relitigate claims that Freddie Mac and its leaders misled investors over the government-sponsored enterprise's exposure to subprime loans.
Hometap has asked federal judges in three states to compel arbitration, a move that would preclude class action lawsuits and the accompanying public scrutiny.
All of UMortgage's roughly 275 employees will stay on, including its 246 loan officers and CEO Anthony Casa, who previously had public rifts with Mike Kortas.
The deal with regulators for Redfin to restart its internet listing service is just one more way to help consumers on their home journey, Rocket said.
Under NYSE rules, loanDepot has six months to bring its share price and average share price back above $1, for which it is considering a reverse stock split.
The merger will conclude a 20-month saga that began in December 2024, when Two said United Wholesale Mortgage first approached it with an offer.
