In response to a recent blog/post I received close to 200 emails from readers who wanted to know more about Bank of America’s future in residential finance – including several from former workers who have landed elsewhere. In short, not only is PennyMac recruiting people away from B of A, but so are CMG Mortgage and MetLife Home Loans. (Note: the recruitment process is a two-way street.) One former manager’s comments sums up the situation best: “I left the company in February due to uncertainty in their business model.”
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