Loan Think

What We're Hearing

Published January 30, 2009, 7:00 a.m. EST

1 Min Read

For the past month rumors have been floating around that PennyMac might be hunting for some major office space in Irvine, Calif., to expand its mortgage bottomfishing business. However, a few days ago a spokesman for the company shot down those rumors. Based in Calabasas, PennyMac has roughly 45,000 square feet there to house its 80 or so full-time employees. "We have plenty of space," he said. PennyMac, which recently bought a loan portfolio from the Federal Deposit Insurance Corporation, is managed by former Countrywide Home Loans president Stanford Kurlandâ¦

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